Revenue was in line. Profit was a miss. Revenue is down 12 percent year over year. Production on the Model S, Model X, and Cybertruck is down over 50 percent year over year. This is the important lesson on Tesla. It was a great story many years ago. People thought Elon was all that mattered. The stock is at the same price it was in 2021. It has gone nowhere for four years. I made a statement in our 24/7 community right after the earnings release. I said we are going to wake up 10 to 20 years from now and Tesla will still be below its current all-time high. Or if it happens to make a new all-time high in the near future, it will not surpass the one it hit at the end of the last bull market. It is not a software company. It is not a tech company. It is a car company. 90% of its revenue comes from cars. Go to the Tesla website. That is what it is. My stock price will absolutely shock you. Spoiler alert: for me to even start getting interested, it has to drop 80 percent from here.
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