Auto & Transport Roundup: Market Talk
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The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1334 ET – Oppenheimer analysts reiterated their cautious stance on Tesla after the electric vehicle maker suggested it could have lower operating margins as it delivered second-quarter results the analysts call “uninspiring.” Tesla is in the early stages of an expensive, multi-year business transition as it looks to scale up its AI operations, the analysts say, noting the company gave muted commentary on key growth drivers like Optimus and robotaxi despite seemingly robust EV sales. “We remain cautious on shares given substantial execution risk and capital needs,” the analysts say, cutting their full-year revenue and earnings per share estimates for the company. ([email protected])
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