Tesla Q2 Results: Low-Quality Beat & Q3 Slowdown Announced

Without one-time gains of $0.12 per share in Q2, Tesla would've missed consensus EPS

Q2 Adjusted EPS Missed by 1.3%

While the headline number for Tesla was its Q2 non-GAAP EPS of $0.91, which beat consensus estimates of $0.80 by 13.8%, take a look at Q2 EBIT, which missed consensus by 7.7%. Not only did EBIT miss the Street’s estimates, it was also down by 3% from low levels in Q2 2022, when a covid outbreak led to a one-month lockdown o…