Tesla announced its second quarter of profit and closed its last three months in 2018 with a surplus of $ 7.23 billion, compared to $ 7.07 billion. It has been a quarter of a quarter of Tesla's history since the company became public in 2010.
The problem with Elon Musk is that Wall Street was expecting even greater profits due to the upward trend the company is experiencing. The result was below the stock market's expectation, and after Tesla's stock appreciated at 3.8% on 30 January, the result showed that the company's shares fell 5% on the market.
The company's justification for not ending, as expected, was a decline in regulatory credit sales and an increase in the price of imported parts from China as a result of the commercial war. Musk also quoted a fall in S and model X prices in China and a decline in the value of Model 3's sales value as factors that postponed part of the company's profits by the end of 2018. The decline in Tesla's sales in the giant East may also be a factor.