Is This a Bottom for Tesla's Gross Profit Margin?

By Parkev Tatevosian, CFA – Jul 24, 2023 at 11:07AM

NASDAQ: TSLA

Tesla

Market Cap

$537B

Today's Change

(-2.04%) -$3.50

Current Price

$168.47

Price as of May 10, 2024, 4:00 p.m. ET

Amid an ongoing price war, Tesla's gross profit margin is falling.

Fool.com contributor Parkev Tatevosian takes a deep dive into Tesla's (TSLA -2.04%) profit margins to determine what it could mean for Tesla stock investors.

*Stock prices used were the afternoon prices of July 20, 2023. The video was published on July 22, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.

Parkev Tatevosian 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.