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Tesla's Rare Double Miss: Analyst Expects Wall Street To Revise Estimates After Q3 Earnings Call Earns 'Not Good' To 'Terrible' Reviews

Electric vehicle giant Tesla, Inc. (NASDAQ:TSLA), reported its first double miss in over four years, resulting in a lackluster response from investors. The stock plummeted by over 5% in after-hours trading.
Tesla investor and Future Fund’s Managing Partner, Gary Black, took to the social media platform X (formerly Twitter) to share his perspective on the results.
Black Analyzes Q3
In the third quarter, Tesla reported adjusted earnings per share of $0.66, which fell short of the consensus estimate. The auto gross margin, excluding regulatory credits, was at 16.3%, below the expected 17.7%, as noted by Black. It’s worth noting that Tesla represents the second-largest holding in Future Fund’s flagship The Future Fund Active ETF (NYSE:FFND) exchange-traded fund.
Black also expressed concerns about the quality of Tesla’s earnings, mentioning that regulatory credits came in at $554 million, significantly higher than the expected $341 million. Moreover, the third-quarter tax rate was 8.2%, lower than the anticipated 11.9% rate according to analysts’ expectations.
Regarding other metrics, Black highlighted that the cost of goods sold dropped by 4.8%, the average selling price (excluding regulatory credits) decreased by 18.1%, and free cash flow fell short, ...

Tesla's Rare Double Miss: Analyst Expects Wall Street To Revise Estimates After Q3 Earnings Call Earns 'Not Good' To 'Terrible' Reviews - Tesla (NASDAQ:TSLA), The Future Fund Active ETF (ARCA:FFND) Tesla's revenue fell short of expectations, marking the first time both headline numbers missed estimates since the second quarter of 2019.

AMMJ Closed Up 48.50% After 8-K Filing Revealed Merger Agreement.

American Cannabis Company, Inc.,

(OTCQB:AMMJ)

Closed Up 48.50% After 8-K

Filing Showing Merger Agreement.



American Cannabis Company, Inc., (OTCQB:AMMJ) saw a strong close up 48.50% today, after a major filing posted yesterday showing that the company has entered into a merger agreement with HyperScale Nexus Holding Corporation. The close came after a mid-day run up as much as 11...

AMMJ Closed Up 48.50% After 8-K Filing Revealed Merger Agreement. | Blog American Cannabis Company, Inc., (OTCQB:AMMJ) closed up 48.50% today, after an 8-K filing revealed a completed merger agreement with HyperScale Nexus Holding Corporation.

AES Sheds Minor Portion Of Dominican Republic & Panama Businesses

The AES Corp (NYSE: AES) disclosed a deal for minority sell-downs of its businesses in the Dominican Republic and Panama.
As per the deal, the company will sell 10% of its business in the Dominican Republic to Grupo Linda and Grupo Popular's subsidiary, AFI Popular.
The divested businesses include an LNG regasification terminal (capacity storage tank of 160,000m), the AES Andres 319 MW combined cycle gas turbine plant, DPP 328 MW combined cycle gas turbine, and an additional 150 MW of solar and wind power plants.
Apart from ...Full story available on Benzinga.com https://rfr.bz/f6saf4w

AES Sheds Minor Portion Of Dominican Republic & Panama Businesses - AES (NYSE:AES) The AES Corp (NYSE: AES) disclosed a deal for minority sell-downs of its businesses in