Tesla's upcoming earnings may miss expectations due to recent price cuts on their vehicles. This could be seen as a short-term negative catalyst for the company, as it may lead to lower revenue and profits in the near term.
However, it is important to note that the price cuts were made in order to make Tesla's vehicles more accessible to a wider range of consumers. This could lead to an increase in the number of Tesla car users in the long run, which would ultimately benefit the company.
Additionally, there are other areas of the business that have strong growth potential, such as the Full Self-Driving (FSD) and Energy Generation and Storage segments. The FSD is a software package that enables Tesla cars to drive themselves and the Energy Generation and Storage segment is the company's solar and energy storage business. These areas have a huge potential for future growth and could help to offset any short-term negative effects from the price cuts.
Overall, despite the potential for missed earnings due to price cuts, Tesla's long-term prospects remain strong given the growth potential in the FSD and energy business.
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- lowmy·2023-01-20i believe EV is still thr future1Report
- IAS·2023-01-20What about BYD?LikeReport
- jllwang·2023-01-20Thanks for sharing your viewLikeReport
- YvetteGunther·2023-01-20TSLA had to lower the price even before the beginning of the recession, which means that it will the price of the vehicle now has to drop significantly in order to sell it.LikeReport
- jeffry09·2023-01-20JD Power just announced the average price of a new Tesla is down 24% which was the gross margin for Tesla prior to the price cuts…basically they’re making no money right nowLikeReport
- YaleBrewster·2023-01-20long 300 from 112..going into earnings nxt week..should I sell the 140 calls just to be safe?..LikeReport
- fishinglo·2023-01-20Low target is 300 and the high is 380. Sales growth is crazy upLikeReport
- KiRa·2023-01-20[Happy]LikeReport
- STARBUY·2023-01-20okLikeReport
- Cody wong·2023-01-20SameLikeReport
- Zasper·2023-01-20OkLikeReport