About the Video
Weekly stock market analysis – Economic updates, Tesla Q2 Earnings, Hiring slowdown, Chinese economy slowdown and more.
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ Click Here
⬇️Timestamps:
0:00 → Economic Updates
1:43 → Tesla Q2 Earnings
4:33 → Hiring Slowdown
6:18 → Chinese Economy Slowdown
8:46 → Upcoming Important Dates
Tesla reported Earnings per share (EPS) of $2.27 (adjusted) vs $1.81 expected. Their automotive gross margin came in at 27.9%, down from 32.9% last quarter and 28.4% a year ago, impacted by inflation and more competition for battery cells and other components that go into electric vehicles. Automotive revenues made up $14.6 billion of the company’s total, with $1.47 billion coming from services and other revenue, and $866 million from the company’s energy segment.
Elon Musk said that Tesla could be delivering CyberTruck in mid 2023, while GigaBerlin and GigaTexas are ramping up their production capacity from the current ~25k cars/week to ~40k cars/week, which translates to a ~2 million cars/year delivery run rate. That represents 50% growth in deliveries volume y-o-y.
Apple plans to slow hiring and spending growth next year in some divisions to cope with a potential economic downturn. Goldman Sachs also plans to slow hiring and reinstate annual performance reviews as the Wall Street bank looks to rein in expenses.
China is looking to stem the protests that have flared up at 100 housing projects across 50 cities, threatening to spread the real estate crisis to the banking system. Regulators met with banks last week to discuss the boycotts, while state media have cited analysts warning that the stability of the financial system could be hurt if more home buyers follow suit.
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Disclaimer: The content on this channel is for educational purposes only and merely cites my own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.
