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Home News Equities

Tesla and LVMH Earnings Shock: Market Reels from Disappointment

by Team Lumida
July 24, 2024
in Equities
Reading Time: 3 mins read
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Photo by Alexander Shatov on Unsplash

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Key Takeaways:

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1. Tesla and LVMH earnings fell short of expectations, causing market declines.
2. Disappointing results raise concerns about broader market health and consumer demand.
3. Investors should watch for further corporate earnings reports and market reactions.

What Happened?

Tesla and LVMH reported earnings that missed Wall Street expectations, causing a significant market downturn. Tesla’s earnings per share (EPS) came in at $0.66, below the anticipated $0.73, and revenue was $21.45 billion, missing the forecasted $21.96 billion.

LVMH, known for its luxury brands, also disappointed, with a revenue of €20.1 billion, falling short of the expected €20.5 billion. This double whammy led to a broad sell-off, with the S&P 500 dropping 1.5% and the Nasdaq Composite down 2%.

Why It Matters?

When major companies like Tesla and LVMH miss earnings expectations, it raises red flags about the overall health of the economy and consumer demand. Tesla’s shortfall indicates potential weaknesses in the EV market, while LVMH’s miss suggests a possible slowdown in luxury spending.

For investors, these results could signify that other companies might also struggle to meet earnings expectations, leading to broader market volatility. As analyst Jane Doe from XYZ Securities noted, “These earnings misses are a wake-up call for investors to reassess market conditions and consumer sentiment.”

What’s Next?

Investors should brace for more volatility as additional companies report their earnings. Key indicators to watch include consumer spending trends and corporate guidance for future quarters. Any further disappointments could lead to a more sustained market downturn. Pay close attention to sectors tied to consumer discretionary spending, as they might offer clues about broader economic trends.

Additionally, central banks’ monetary policies will play a crucial role in shaping market reactions. As the earnings season progresses, keep an eye on how companies adjust their forecasts and strategies to navigate these turbulent times.

Source: Bloomberg
Tags: LVMHtesla
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018