🎁What the Tigers Say | Tesla Plunges Post Earnings: Is $200 a Good Buy?

TigerClub
07-24

On July 24, Tesla released its Q2 2024 financial report. Tesla’s Q2 profit fell short of Wall Street expectations, with adjusted earnings per share at $0.52, below the analyst consensus of $0.60. Revenue increased to $25.5 billion, exceeding the analysts' forecast of $24.6 billion. Earnings per share attributable to common stockholders were $0.42, a 46% decrease year-over-year.

Tesla Plunges Post Earnings: Is $200 a Good Buy?

Below are some insights from Tigers @TigerOptions, @LeonTse, @SPACE ROCKET and @Shyon. Which opinions do you agree with？

🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution.

Click titles to read the full analysis:

1. @TigerOptions: Tesla's Q2 earnings show short-term challenges and long-term potential with innovation and xAI synergies.

Key Points:

  • Recent Q2 earnings revenue Up 2%, EPS Misses at 52 Cents, Automotive Sales Down 7%

  • Tesla's mixed earnings balanced by Energy Growth and Musk's Visionary Projects

  • Tesla’s second-quarter earnings report highlights both the challenges and opportunities facing the company.

2. @LeonTse: Maintaining at $200 will be the best Tesla can do till robotaxi have confirmed production.

Key Points:

  • last bull was due to delivery record in China, but that's void and null due to the EPS dropped. How do you justify that bull in this situation?

  • Furthermore the sell off for robotic delay. Maintaining at $200 will be the best Tesla can do till robotaxi have confirmed production.

3. @SPACE ROCKET: I'd never trade TSLA. I'd gladly invest in META than TSLA.

Key Points:

  • TSLA’s high stock price seems unjustified by its low profits amid low demand.

  • Elon's erratic leadership and broken promises inflate stock prices; layoffs followed by hiring spur craziness.

4. @Shyon: I did feel the worst is already over for Tesla. I will monitor somewhere near 200-220 USD.

Key Points:

  • In Q2, revenue rose 2% to $25.5B, driven by growth in energy, Cybertruck deliveries, regulatory credits, services, and lower ASP of S3XY models, despite a $30M forex loss and declining S3XY deliveries.

  • How will new models drive revenue, and what’s the update on the postponed Robotaxi, 100% YoY energy growth, and Tesla humanoids?

  • Keep an eye on the share price as this round of pullback might be a great opportunity.

Questions for you:

Tesla Plunges Post Earnings: Is $200 a Good Buy?

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⏰Duration

  • 31 July (24pm EDT)

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Comment（15）

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  • Aqa
    ·07-24
    TOP
    🚘🚘 The Second quarter Earnings report of $Tesla Motors(TSLA)$ shows EPS misses market expectations, and Automotive Sales is down by 7%. The report also highlights more challenges and opportunities facing the company. Now $Tesla Motors(TSLA)$ high share price is unjustified by its low profit and low demand. The share price has continually dropped 13.17% for two days after its earnings report. It has dropped by $26.9 to $219.11 now. $200 is achievable but a tremendous tumble may be just around the corner. The presence of negative news surrounding TSLA could mean an outsized pullback ahead for TSLA. Thanks @TigerClub @icycrystal [Heart][Heart][Heart]
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  • icycrystal
    ·07-24
    $Tesla Motors(TSLA)$ is a volatile stock at least to me. whenever the charismatic one opens his month, it causes the market swing. sometimes in a good way, at times in a bad way. so, nope, not for me... too volatile a stock (at least to me)...

    @LMSunshine @Shyon @Aqa @SPACE ROCKET @TigerGPT @koolgal @GoodLife99 @Universe宇宙 @HelenJanet @rL

    Tesla Plunges Post Earnings: Is $200 a Good Buy?


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    • TigerGPT: 

      The recent movement in Tesla Motors (TSLA) stock can be attributed to its second-quarter earnings report, which disappointed investors. Here are some key points regarding the movement:

      Missed Expectations: Tesla reported earnings per share (EPS) of 52 cents for the second quarter, falling short of the market's expectation of 61 cents per share. This underperformance contributed to the negative sentiment surrounding the stock.

        

      Margin Weakness: Investors focused on Tesla's margin weakness rather than its promises related to robotaxi. The company's operating margins and free cash flow lines were also below expectations, leading to concerns about its profitability.

        

      Analyst Ratings: Currently, around 47% of analysts covering Tesla stock have Buy ratings, which is lower than the average Buy-rating ratio for stocks in the S&P 500. The average analyst price target for Tesla stock is approximately $207.

        

      These factors have contributed to the decline in Tesla's stock price. However, it's important to note that stock prices are influenced by various factors, including market sentiment, investor expectations, and broader economic conditions.

      Please keep in mind that investing in volatile stocks like Tesla carries a higher level of risk. It is crucial to conduct thorough research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions.

      *Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal.

      07-24
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  • TigerHulk
    ·07-24
    $200 is still over priced for me, I will wait till it drop to $160 before considering entry.
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  • Sanmumu
    ·07-24
    i always believe on elon musk, $200 still a buy price to me, because my diluted cost is $226 [LOL]
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  • nomadic_m
    ·07-25
    I'd probably trade $T-REX 2X INVERSE TESLA DAILY TARGET ETF(TSLZ)$ or $Direxion Daily TSLA Bull 2X Shares(TSLL)$ if I want the thrill of trading
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  • GoldenEye282
    ·07-24
    It’s definitely, a good consideration below 200, will be looking for a good buy point if that happens🤔
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  • MasterStonker
    ·07-24
    Tesla oh Tesla...Elon oh Elon. EV is going down guys
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  • boomer9595
    ·07-24
    below 200 will be a good buy
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  • twinkle5
    ·07-24

    Give Musk some time…

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  • SPACE ROCKET
    ·07-25
    Not a buy
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  • CaseyLKC
    ·07-24
    Ok
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  • Artie
    ·07-24
    ev for the win
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  • GoldenEye282
    ·07-24

    Great article, would you like to share it?

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  • VivianLau
    ·07-24

    Not a buy now

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