Tesla Q2 2024 Earnings Preview and Outlook
$Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ According to analysts, Tesla Q2 2024 earnings forecast:
1) Earnings per share (EPS) = $0.61, lower than the $0.91 in Q2 2023 but higher than the $0.45 in Q1 2024
2) Revenue = $20.16 billion, 5% lower than in Q2 2023 at $21.27 billion but 16% above Q1 2024 at $17.38 billion
3) Goldman Sachs analyst increases Tesla price target following stronger-than-expected Q2 vehicle deliveries, though they maintain a neutral rating on the stock.
4) LSEG Data & Analytics data shows a consensus analyst rating of between a ‘buy’ and a ‘hold’ for Tesla with 7 strong buy, 13 buy, 20 hold, 6 sell and 4 strong sell (as of 11 June 2024).
5) AJ from x.com has presented all critical earning data from revenue and free cash flow to gross margin. See chart below. In summary, Q2 earnings will be a significant improvement over Q1.
6) I want to highlight that Energy & Storage has the highest gross margin growth YoY and QoQ. Overall gross margin QoQ remains the same.
My Take:
1) Tesla is reporting earnings on 23 July, Tuesday 5 pm (EST) or 24 July, Wednesday 5 am (SG time). I have chosen the 2 articles to show how Tesla's upcoming earnings preview can be presented differently. As investors we need to have a balanced view. We should learn to read the financial report and not what the media wants us to see.
2) The stock will experience volatility which can go both ways. The bear will expect the share to fall because the earning is "bad", market share is falling etc. The bull will expect the share to rise because investors have already priced in the fall in revenue. They will focus more on the energy & storage and Robotaxi which could increase the stock values in the next quarter. How you invest will depend on what you believe in.
3) The whole purpose of this post is to give you a neutral and more positive perspective as compared to some media using negatively biased reports as click-bait. Despite the stock facing pull back, Tesla share price has risen about 40% in the past 1 month.
4) Anti-Tesla (and someone) will use the US presidential election (what the politicians said) to spread fear about EV stocks including Tesla . It is critical to learn if the article is based on the writer's opinion or reporting facts. I'll take the former with a pinch of salt and consider the info as noise.
Disclaimer: The above analysis is not financial advice. You are advised to DYODD if you want to invest in the stock.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Pr3car1ous : This post is not "neutral" like you claim....You are pumping this highly overvalued stock....This whole Jetson's "Robo taxi" is well over 5 years away no one is going to have humanoid robots in there houses....If Econ never got hair plugs no one would listen to him![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
ZnWC OP Pr3car1ous : Obviously you didn't mention the whole statement I made clearly - "neutral and more positive prospective".
No one is pumping the stock. Please read the disclaimer. You also purposely ignore what I said about the bearish outlook of the stock.
If you can't accept the positive view part of the stock, I suggest you skip this post.