Daily Market Updates: Tesla misses on earnings as free cash flow turns negative

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Tesla misses on earnings as free cash flow turns negative

The company also saw margin pressure and a free-cash-flow deterioration, even as its core auto business showed signs of improvement.

Reported · Written up by our desk · Results

Tesla’s latest earnings report came in short of expectations, with investors focused on a deterioration in free cash flow, according to CNBC Markets.

CNBC World said the report landed during a period when Tesla’s stock price had been sliding.

The outlet also pointed to margin weakness tied to the earnings outcome, while noting that Tesla’s core auto business was rebounding.

CNBC Earnings likewise highlighted that while the automotive segment showed improvement, the free-cash-flow reversal and margin declines weighed on the overall results.

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Sources

CNBC MarketsTesla misses on earnings, as free cash flow turns negative and margins slide

CNBC WorldTesla misses on earnings, as free cash flow turns negative and margins slide

CNBC EarningsTesla misses on earnings, as free cash flow turns negative and margins slide

Earnings

Tesla misses on earnings as free cash flow turns negative

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Sources

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