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Tesla's Q2 earnings missed expectations, stock fell after insider sales, analysts say hold.
Tesla reported second-quarter earnings of $0.40 per share, slightly below expectations, with revenue of $22.5 billion, down 11.8% year-over-year.
The company’s stock opened at $435.15, with a market cap of $1.45 trillion and a price-to-earnings ratio of 251.53.
Insiders sold 202,606 shares valued at $75.59 million over three months, including significant sales by Director James R. Murdoch and CFO Vaibhav Taneja.
Institutional investors own 66.2% of shares, while insiders hold 19.9%.
Analysts maintain a "Hold" rating with a $363.03 average price target.
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Las ganancias de Tesla en el segundo trimestre no alcanzaron las expectativas, las acciones cayeron después de las ventas internas, los analistas dicen que se mantienen.