🔥Stock Prediction: How will Tesla close Thursday 20/7 following their earnings?
Click to vote. Guess how will Tesla close Thursday 20/7 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
Tesla is set to post its Q2 2023 earnings after the market close on Wednesday. Analysts expect Tesla’s revenues to come in at $24.475 billion, marking year-over-year growth of about 45%. Adjusted earnings are likely to come in at about $0.817 per share, according to Bloomberg's expectations. Lets's guess where TESLA will move following their earnings?
Tesla's Q2 2023 earnings call will be held on 20 July 2023 at approximately at 5:30 SGT. To set a reminder, please click here
🔙 Latest Results
Tesla reported a lower-than-expected gross margin for the first quarter of 2023 as a series of aggressive price cuts aimed at spurring demand in a sagging economy and fending off rising competition took their toll. As a result, the company's total gross margin stood at 19.3%, compared to analysts' expectations of 22.4%, marking the lowest level since Q4 2020.
Earnings per share: 85 cents adjusted vs 85 cents expected, according to the average analyst estimate compiled by Refinitiv
Revenue: $23.33 billion vs $23.21 billion expected, according to Refinitiv estimates
📒TESLA Q2 earnings consensus
Analysts expect Tesla’s revenues to come in at $24.475 billion, marking year-over-year growth of about 45%. Adjusted earnings are likely to come in at about $0.817 per share, according to Bloomberg's unanimous expectations.
Tesla has a "neutral-to-slightly negative" setup heading into its upcoming earnings report, according to a Citi Research analyst. Citi's Itay Michaeli said that bears worry that Tesla's "stretched valuation" will make the stock "vulnerable going into a quarter that will again be impacted by price cuts, with any margin shortfall or even just unimpressive numbers possibly dampening sentiment." Conversely, he notes consensus expectations for the year don't seem particularly aggressive, while "the Q2 delivery beat leaves room for an upward guidance revision." He boosted his price target on Tesla shares to $278 from $215 but kept a neutral rating on them.
Jefferies analyst Philippe Houchois maintained Tesla a Hold rating and upped the price target from $185 to $265. The second quarter will mark a trough in Tesla's auto gross margin, said Houchois in a note released. The analyst said he expects second-quarter revenue to come in at $24.7 billion, up 6% sequentially and 46% higher than a year ago.
Tesla Earnings Preview: Another Blowout Quarter and a Trough in Auto Gross Margin
💰Event Details
Click to vote. Guess where $Tesla Motors(TSLA)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
For example, If 10 Tigers get the right answer, each will receive 100 Tiger Coins. If 100 Tigers get the right answer, each will receive 10 Tiger Coins.
⏰Event Duration
The deadline for this event is 21:00 on 20th July 2023
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How will Tesla close Thursday 20/7 following their earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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🌟🌟🌟$Tesla Motors(TSLA)$
has just reported its earnings today with a all time high quarterly revenue but its operating margin dropped to 9.6%.
However investors were disappointed when Elon Musk failed to deliver precise specs and start of delivery dates for Cyber truck and robotaxi. Elon Musk also said that vehicle production would slow down during Q3 due to factory shutdowns for renovations.
Due to price cuts and incentives, Tesla also reported lower margins.
I voted Flat for Tesla but I believe that Tesla will continue to grow exponentially in the future with lots of projects in the pipeline and the development of Tesla Bot also known as Optimus to be ready for production.
Tesla to the moon! 🚀🚀🚀🌛🌛🌛💰💰💰
@Tiger_Earnings
@rL @Shyon @b1uesky @Aqa
What do you see on the Hourly Chart?
I believe it speaks for itself!
Coming week
- Earnings on 19 July 2023!
- Look for breaks of 281/282 as the neckline for the Cup&Handle
- Target 309
Support remains 231 to 240 range.
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