Tesla's (TSLA) 2Q results show that it's just a "car company," notes Gordon Johnson. He and Hatem Dhiab debate the direction TSLA stock is headed. Gordon highlights that with supply chains now fixed, the "auto goldilocks period is over, and car prices are tumbling." Hatem suggests that TSLA's price cuts kept it on track to grow deliveries but comes at a cost of driving gross margins down. he also expects this be the trough, and gross margins to recover beyond. GLJ Research reiterates a sell rating and $24.33 price target on TSLA. They then go over when we can expect Cybertruck deliveries. Tune in to find out more about the stock market today.
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