Tesla Earnings -- the Bear and Bull Case

By Eric Cuka – Jul 22, 2022 at 8:00AM

NASDAQ: TSLA

Tesla

Market Cap

$495B

Today's Change

(-2.76%) -$4.29

Current Price

$151.16

Price as of April 18, 2024, 10:32 a.m. ET

Tesla stock rallied after the company reported mixed Q2 earnings on Wednesday night. Is Tesla stock a buy now?

Tesla (TSLA -2.76%) shares popped nearly 10% higher after a mixed Q2 earnings report on Wednesday evening. Adjusted earnings per share came in at $2.27 versus $1.81 expected. Revenue missed at $16.93 billion versus $17.1 billion expected. So why is Tesla stock soaring today? Please watch the video below for more information and details on where I believe the stock is headed next.

*Stock prices used in the below video were during the trading day of July 21, 2022. The video was published on July 21, 2022.

Eric Cuka has positions in Bitcoin and Tesla. The Motley Fool has positions in and recommends Bitcoin, Nio Inc., and Tesla. The Motley Fool has a disclosure policy. Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.