Tesla Q2 2023 Earnings Preview: Grab rewards by guessing the closing price!
Rewards
● An equal share of 1,000 points: For mooers who correctly guess TSLA's closing price range on July 20 ET by 2:30 PM, July 20 ET. (e.g., If 50 mooers make a correct guess, each of them will get 20 points.)
● Exclusive 300 points: For the writer of the top post on analyzing TSLA's earnings preview as an inspiration reward.
*The selection is based on post quality, originality, and user engagement.
Note: 1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app >> Me >> Redeem Points).
Book the Live Earnings Conference:
Tesla Q2 2023 earnings conference call
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app >> Me >> Redeem Points).
Book the Live Earnings Conference:
Tesla Q2 2023 earnings conference call
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73387413 : Increased deliveries
fallingleaves : Will crashed as usual
kind Duck_9427 : Growing revenue
ZnWC : Based on Tesla's share price timeline (Dec 2022 to Jul 2023), it is not true that share price will fall after analysts downgrade the stock. In fact, analysts shifted goal pole after the share price changed. It is also not true that share price will clash after earnings report - share roared after Q4 2022 earnings and experienced small correction after Q1 2023 earnings. The price uptrending continue between January to July rally this year and rally after Shareholder Meeting in May. Based on Market Watch, Tesla's share price %change is 120.81% YTD.
There are many catalysts to Tesla's share price rally. Here are the 3 main catalysts:
1. Record Q2 2023 global sales 466,140 vehicles will generate record revenue. Tesla Model Y made record to become best selling EV in the world also showed Tesla's dominance.
2. Tesla Model Y and Model 3 qualified for full US Tax Incentives USD 7,500 has pushed up demand in US EV market. Tesla remain dominance in US.
3. Tesla's NACS charger standard has received support from major car industry and EV charge companies. It can use US government fund to build supercharger charging network. This is the 3rd dominance Tesla has on the EV industry as it brought more revenue.
KGI Security, Wedbush and Ark Investment have upgraded stock rating to buy or super buy based on Tesla has the potential to grow. Investment in Lithium mining, battery production capabilities and self driving are some reasons. KGI raised TP to USD 335. They brushed aside bearish comment by short term traders that the stock is 'overbought' or expensive.
I shared 3 articles related to Tesla's Q2 2023 earnings and its impact on share price. If you want to know more, here are the links:
Tesla Q2 2023 Earnings Preview - Positive Signals revealed
Tesla Growth Stock to Buy Before It Soars 684%, According to Wall Street
Tesla share price timeline December 2022 to July 2023
ZnWC : Post market %change share price = +6%
Kopikarp ZnWC : I think need to write post not comment?
ZnWC Kopikarp : It depends on how you interpret post and comment. The aim is to write inspiration words. I have also shared 3 posts about the earnings.
royleu : tsla go up
Kopikarp : As Tesla's Q2 2023 earnings approach, the analysis centers on factors affecting the stock valuation and the impact of the competitive EV landscape. Despite increased competition, Tesla leverages its first-mover advantage, economies of scale, and full self-driving (FSD) technology for growth. Yet, profitability remains a challenge due to factors like the global chip shortage, raw material costs, and geopolitical tensions. While Tesla's energy business and FSD offer growth potential, they have yet contributed modestly to the financials. Hence, their progress in the upcoming earnings call will be pivotal. Further, despite challenges in the EV market, Tesla's global manufacturing footprint and direct-to-consumer sales model offer strategic advantages. As we look forward to Tesla's earnings report, it's critical to monitor these factors to understand Tesla's current performance and future prospects.
Jamesim :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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