Tesla, Inc. (NASDAQ:TSLA) reported a second-quarter top-line beat while the earnings per share trailed expectations and the stock plunged sharply in the after-hours session, reacting to the mixed results and the management commentary on the earnings call. Most market watchers were quick to point out the bad quality of the results and here’s a compilation of reactions from X, a social media platform Tesla CEO Elon Musk owns. Black Blames Margins: Fund Manager and Tesla investor Gary Black did not attach much significance to the earnings miss. He noted that excluding a restructuring charge amounting to $622 million or 14 cents per share, the adjusted earnings would have been 66 cents per share compared to the 62-cent per share consensus estimate. The restructuring charge is related to the 10% job cuts the company announced in the second quarter. The Future Fund LLC Managing Partner was disappointed with the second-quarter auto gross margin, excluding regulatory credits, which came in at 14.6%, trailing the 16.2% consensus estimate. “We believe TSLA's weak AH stock price is more a function of disappointing auto gross margins ex-reg credits than the reported Adj EPS miss,” he said. Among the other negatives were: forecast for 2024 volume growth rate that is now expected to be notably lower than the 38% growth achieved in 2023 versus the Street ...