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Tesla (TSLA) reported its second-quarter earnings yesterday, July 23, providing a sobering dose of reality. Elon Musk, the visionary CEO known for his bold promises and ambitions, issued a rare cautionary statement. On the Q2 earnings call, he stated that the company is expecting a "few rough quarters" ahead. TSLA is down 9% at the time of writing on Thursday, July 24, and 24.9% year-to-date.
Despite its recent struggles and controversies, Tesla has mostly thrived on forward-thinking hype. This message from Musk has made investors question whether Tesla remains a good investment. Let us look at its quarterly results to find out.
