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Tesla Q2 EPS falls to $0.33 as shares tumble more than 14%

Tesla Q2 EPS falls to $0.33 as shares tumble more than 14%

Revenue rose to $28.24 billion from $25.55 billion, but a profit miss and margin pressure sent the stock sharply lower and handed short sellers about $4.12 billion in paper gains.

Fact Check
All headline figures in the claim are corroborated by multiple independent sources. Revenue of $28.24 billion and non-GAAP EPS of $0.33 are confirmed by StockStory, BlockBeats, TradingKey, and Economic Times. The ~14% share tumble and the $4.12 billion in short-seller paper gains are directly reported by Economic Times. The only imprecision is the claim's framing of $25.55 billion as prior-year revenue; sources indicate $25.55B was the analyst revenue estimate/consensus rather than the year-ago figure. This minor mischaracterization does not undermine the accuracy of the core financial facts.
Summary

Tesla reported second-quarter earnings per share of $0.33, down from $0.49, while revenue rose to $28.24 billion from $25.55 billion. The weaker profitability despite higher sales was characterized as a profit miss, and Tesla shares closed down more than 14% after the results. The sell-off also revived investor doubts about the company's AI and robotics ambitions. S3 Partners Managing Director Ihor Dusaniwsky said the drop left short sellers positioned for about $4.12 billion in single-day mark-to-market profits, with separate S3 data showing roughly 3% of Tesla shares were sold short.

Terms & Concepts
  • earnings per share: Company profit allocated to each share.
  • short sellers: Investors betting a stock will fall.
  • mark-to-market profits: Paper gains based on current market prices.