Tesla Inc (TSLA · NASDAQ)

Tesla shares fell 2.1% to $354.72, down 7.3% over five days and 27.6% below their 52-week high, on volume 1.8x the 20-day average. The company beat estimates in three of its last four quarters, most recently reporting $0.33 versus $0.32 expected, while revenue grew 25.5% year over year to $103.62B TTM and the latest quarter showed revenue of $28.24B with net income of $1.11B. Free cash flow was negative at -$1.09B in the quarter ended June 30, as capex of $5.79B exceeded operating cash flow of $4.70B, though the balance sheet remains lightly levered with $15.22B in cash against $9.34B in total debt. Valuation is stretched at a P/E of 334.64 and EV/EBITDA of 122.54, with margins compressed to a 1.4% operating margin and ROE of 4.7%.