We've got our eyes locked on Tesla as it gears up to reveal its earnings this Wednesday, and the excitement in the air is palpable. With an average revenue estimate of $24.16 billion, all eyes are on Elon Musk's electric empire. But here's the thing – Tesla stumbled on Wall Street's expectations for third-quarter deliveries, raising concerns about those elusive margins.
The big question remains: will Tesla surge to $300 before the earnings report, or will it encounter more turbulence ahead?
So, how do we expect Tesla's earnings to play out? Buckle up, because based on the recent slip-up with third-quarter deliveries, there's a high chance Tesla might miss the mark this time as well. This deviation from expectations indicates a few underlying challenges, especially when it comes to production and delivery numbers, which are vital for Tesla's bottom line. Wall Street has been cautiously adjusting their estimates, and this could set the stage for a potentially less rosy earnings report.
As for a breakout from the current stock price range, we must tread carefully. Tesla's stock has been on a rollercoaster ride lately, influenced by a barrage of factors, from production challenges to market sentiment. The road to $300 is bumpy, but not impossible. The key is to keep an eye on Tesla's ability to meet its delivery targets and address concerns surrounding margins. If they can pull this off, the $300 mark might not be too distant a dream.
Comments
Tesla may have a bumpy ride this morning I say buy the dips I've seen Tesla go up 10 plus dollars and down 10 plus dollars don't know where it's going before earnings all I know is Tesla has a lot of supporters out there good luck to all traders
Tesla has fast declining market share, as expected. It went from near monopoly to competition. 📉
Sales falling, margins dropping, earnings dropping. Longs, any response?
When is earnings? Morning before the bell or after it closes tomorrow?
Well, we all should have a look line by line in the ER for profits?