CNBC's "Fast Money" cover image

Big night of earnings reports: Tesla, Netflix, United, oh my! 7/19/23

CNBC's "Fast Money"

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Tesla's Trough Margin

It almost feels like a hold your breath moment to see how they are going to talk about automotive margins, X credits for the back half of the year. You know what? You got to give them credit without question because as a lot of people thought, sub-17 it was coming in, it did not. The problem with Tesla is when you look at the eight largest companies right now that have really been leading this full rally, they're the only one of them who has four profit margins that have come down.

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