Techdamentals
Oct 22, 1:34 PM
$CHPT builds EV charging stations, a business whose growth depends on how many EVs are on the road rather than on any single automaker's quarterly profit margin.
Tesla reported deliveries of 486,532 for the quarter, down 2% year over year but above the roughly 462,000 analysts expected, citing battery supply rather than orders as the limiting factor.
A charging network operator benefits from vehicle volume on the road more than from any one maker's margin story, which is why delivery counts matter more here than Tesla's operating profit line.
Full explainer, plain English: https://youtu.be/4lOi1PxGqp4
Educational, not advice.
https://techdamentals.com/newsletter/why-did-teslas-profit-fall-when-margins-rose?ref=st
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