[Featured Stock] POSCO Future M Falls 2.9% Amid Tesla Operating Margin Deterioration
Posco Future M is weakening following news that Tesla's operating profit margin for the second quarter of this year has deteriorated.
![[Featured Stock] POSCO Future M Falls 2.9% Amid Tesla Operating Margin Deterioration](http://www.asiae.co.kr/news/img_view.htm?img=2023050311315019537_1683081109.jpg)
As of 10:26 AM on the 20th, Posco Future M was trading at 466,000 KRW, down 2.92% from the previous trading day. During the session, it fell more than 6% at one point, reaching 450,000 KRW.
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Tesla's operating profit margin for the second quarter dropped to 9.6%. This is lower compared to 14.6% in the same period last year and 11.4% in the first quarter. Additionally, this is the first time Tesla's operating profit margin has fallen to single digits since the first quarter of 2021.
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