Shares of Tesla (TSLA) traded close to their 52-week low the day before. Investors did not react well to the EV giant’s quarterly earnings report.
Tesla benefited from mark-to-market stock holdings that offset serious performance issues. Margins in the automotive and energy storage worsened in the last quarter. On Thursday, the U.S. National Highway Traffic Safety Administration started looking into the requirements for a robust and obvious door for all vehicles. That would pressure Tesla to re-design it electronically operated door handles.
TSLA stock fell by 14.52% to close at $319.69.
T-Mobile (TMUS) dropped by nearly 11% to close at $170.42. In Q2, it earned $2.99 in EPS, up by 5% Y/Y. Postpaid service revenue grew by 13% Y/Y to $15.9 billion. For the year, the firm raised its cash flow guidance to $18.4 billion to $18.4 billion.
Lockheed Martin (LMT) jumped by 10.54% yesterday. The defense firm resumed deliveries of its F-16. It also increased output of the C-130 aircraft. The firm raised its outlook, forecasting total sales of $79.75 billion to $81.75 billion. EPS will top up to $30.65.
Lockheed recorded a Q2 book-to-bill ratio topping 3.2:1. Its backlog of $230 billion is a record. The company added $65 billion in orders in the last quarter.
Lockheed, along with RTX, is an attractive firm to consider investing in.
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