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How is TSLA stock still up from where it was a year ago, if its sales have plummeted so much? (lemm.ee)

submitted 3 days ago by [email protected] to c/nostupidquestions

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[–] [email protected] 3 points 3 days ago (1 children)

The sales haven't really fallen that much. All the numbers you see are for net income. People still buy the cars and the company still turns a profit, just less than before.

[–] rbesfe 11 points 2 days ago (1 children)

Auto revenue is down 20%, that's pretty significant

[–] [email protected] 5 points 2 days ago

So far and that's a decline for a "growth" company