All eyes on Tesla👀
Seems like something is brewing over at $Tesla(TSLA.US$ will the much anticipated robotaxi be launched on schedule or will it be delayed? What will be the surprise?
Taking a look at the analyst ratings, it is a hold![]()
Let us dive deeper into Tesla's Q2 2024 earnings prospects from analyst:
▶EPS: Analysts estimate that Tesla's EPS will come in at $0.61, lower than the $0.91 in Q2 2023, but higher than the $0.45 in Q1 2024
▶Revenue: The revenue forecast is $20.16 billion, 5% lower than in Q2 2023, but 16% higher than in Q1 2024
▶Earnings surprise: Tesla's EPS is expected to decline by 31.9% year-over-year, with the Zacks Earnings ESP reading -4.13%, indicating that analysts have recently become bearish on the company's earnings prospects possibly because of strong competitions
▶Zacks consensus estimate: Tesla is expected to post quarterly earnings of $0.62 per share, with revenues expected to be $25.13 billion, up 0.8% from the year-ago quarter
Now let's take a closer look at the strengths & weaknesses of tesla:
Strengths
▲Much anticipated use of optimus robots in their Tesla factory may boost confidence of investors
▲Tesla delivered more vehicles in Q2 than expected, even if it is only 1% more than expected
▲The company's energy storage deployment doubled what was forecast
▲Tesla's Q2 deliveries were 57,000 more than Q1
▲Tesla's stock price has risen 42% in the past month
Weaknesses
▽Q2 deliveries were 4.8% lower than Q2 of last year
▽Production fell to its lowest level in seven quarters
▽Production was 5.2% less than the previous quarter and 14.4% less than the same quarter last year
▽Deliveries and production are both peaking in the short term on a TTM basis
▽Tesla's market share in China dropped below 7% in June, down from more than 11% a year ago
▶EPS: Analysts estimate that Tesla's EPS will come in at $0.61, lower than the $0.91 in Q2 2023, but higher than the $0.45 in Q1 2024
▶Revenue: The revenue forecast is $20.16 billion, 5% lower than in Q2 2023, but 16% higher than in Q1 2024
▶Earnings surprise: Tesla's EPS is expected to decline by 31.9% year-over-year, with the Zacks Earnings ESP reading -4.13%, indicating that analysts have recently become bearish on the company's earnings prospects possibly because of strong competitions
▶Zacks consensus estimate: Tesla is expected to post quarterly earnings of $0.62 per share, with revenues expected to be $25.13 billion, up 0.8% from the year-ago quarter
Now let's take a closer look at the strengths & weaknesses of tesla:
Strengths
▲Much anticipated use of optimus robots in their Tesla factory may boost confidence of investors
▲Tesla delivered more vehicles in Q2 than expected, even if it is only 1% more than expected
▲The company's energy storage deployment doubled what was forecast
▲Tesla's Q2 deliveries were 57,000 more than Q1
▲Tesla's stock price has risen 42% in the past month
Weaknesses
▽Q2 deliveries were 4.8% lower than Q2 of last year
▽Production fell to its lowest level in seven quarters
▽Production was 5.2% less than the previous quarter and 14.4% less than the same quarter last year
▽Deliveries and production are both peaking in the short term on a TTM basis
▽Tesla's market share in China dropped below 7% in June, down from more than 11% a year ago
There has been some comparison of Tesla behaving like a meme stock but on the other hand we cannot discount the solid foundation that it have in various key sectors such as energy storage, EV (FSD&Robotaxis), autonomous robots and inhouse AI! My personal view is if the price is right definitely try to enter![]()
Disclaimer: All the above are purely for educational purposes and are NOT financial advices, please DYOR/DD
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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