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A rough day at the office for Tesla
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š TECH
Teslaās Eventful Day

Elonās other (other, other?) company had anā¦interesting day at the office.
Weāre talking about none other than Tesla.
The story begins with the three words no company ever wants to hear: an earnings miss:
Adjusted earnings were at $2.3B for the quarter, down 37% from last year.
Revenue was $23.4B, short of the expected $24.1B.
Adjusted automotive margins (the margin without regulatory credits) fell by 11% year over year to 18%.
The culprit? Price cuts, a slowdown in production due to temporarily closed production lines, and decreased demand from the interest rate hikes.
But it wasnāt all bad, as it was announced that the long-awaited Cybertruck is scheduled to finally hit the streets on November 30th.
That must mean Tesla is about to be raking in cash like Huell, right? Well, not exactly. As the boss man himself said, āIt will take, I donāt know, a year to 18 months before it is a significant positive cash flow contributorā.
At the end of it all, Tesla ended the day down 9%.
The Big Picture: With the Cybertruck supposed to be a great product and the powers-to-be pushing EVs, Tesla isnāt dead in the water yet, even with the tough quarter.

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š FINAL JEOPARDY!
This Final Jeopardy! question stumped every contestant. Can you get it right?
Category: Royalty
Clue: Before his death in 2005, he said he was āprobably the last head of state to be able to recognize all his compatriots in the streetā.

š DOPAMINE HIT
Smooth operator.
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FINAL JEOPARDY! ANSWER
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