[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.

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.

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.