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Tesla Stock Drops After-Hours, Analysts Lament Lack Of 'Clear Metrics,' Balance Sheet Pressure And Legal Risks: Elon Musk Gave 'Ton Of Ammunition' To Lawyers Suing Him

Leading analysts react to Tesla Inc.’s (NASDAQ:TSLA) second-quarter earnings call, flagging a range of concerns regarding the company and its current direction.

Check out the current price of TSLA stock here.

What Happened: On Wednesday, soon after the call, Gene Munster, a managing partner at Deepwater Asset Management, posted on X, noting that the stock was “down almost 4.3%, compared to flat at the start of the call.” Munster adds that “There was no single trigger for the sell-off. It was a steady decline throughout the call.”

Munster highlighted several red flags in the call, starting with the absence of “clear metrics about what to expect this quarter from Austin,” referring to the company’s robotaxis that were rolled out in the city.

See Also: Elon Musk’s Tesla Sits On $284 Million Bitcoin Windfall In Q2, Refuses to Cash Out

He further expressed concerns that Tesla would need to “fund autonomy from the balance sheet until it reaches scale,” which he said “raise[s] questions about what profits will look like over the next year.”

TSLA call just ended.The stock is now down almost 4.3 %, compared to flat at the start of the call.There was no single trigger for the sell off. It was a ...