The robots are coming, but maybe not very quickly.

You're listening to Motley Full Money.

I'm Mary Long joined on this fine Wednesday morning by San Mate Deo.

Sanmeet. Great to see it. How you doing? Hey, nice to see you.

So we've got one story that's going to be kind of our single story today because there's a lot to talk about in this report. None other than Tesla dropped earnings yesterday after the bell.

Lots of anticipation with this one. Obviously, it's a large company. It's a controversial, it's a company led by a

controversial leader. Let's put it at that. Coming into this report, we had Wedbush analyst

Dan Ives. He's a longtime Tesla Bull, and he told NBC that this report is a, quote,

moment of truth for Tesla. So we're going to

dive into the details of this report in a second. As I said, it's kind of our single, our sole

story today. But let's start with the big picture idea here. You own Tesla. What truth was revealed

in this report? I think the truth is that the automotive segment is hitting the brakes.

There are one number that can kind of symbolize everything is happening for their

segment this quarter was the 2.1% operating margin, which was significantly lower than

last year's 5.5%.

The whole story is really captured in that margin number.

It's lower average selling prices for vehicles,

lower delivery volumes, volume time price, lower revenues, and higher R&D expenses. So that margin

significantly is lower than what they've had in really over the past few quarters. So very

concerning in that sense. Now, energy and storage

and services came in very strong. So that was great, but they're much smaller part of their

revenue. So the question is, you know, have they taken the high off the ball? Is competition

...