Tesla's Q2 Earnings Report Leads to More Questions Than Answers

The good news for Tesla (NASDAQ: TSLA) investors in the company's Q2 earnings report was that the electric-vehicle pioneer didn't lose as much money last quarter as it did during the first three months of 2019. The bad news was that it still lost plenty of money, far more than analysts had anticipated.

In addition, CEO Elon Musk sowed further confusion about Tesla's future profit trajectory. The company also reiterated its full-year deliveries forecast, without providing much evidence that its target is really achievable. Finally, Musk offered a rosy -- but potentially unrealistic -- outlook for 2020 and beyond. All in all, the earnings report raised more questions than it answered. This caused Tesla stock to plunge 14% on Thursday, retracing its gains of the past few weeks.