Tesla Q2 Earnings Preview: Grab rewards by guessing the opening price!
$Tesla(TSLA.US$ is releasing its Q2 earnings on July 23 after the bell. Unlock insights with TSLA Earnings Hub>>
Since its Q1 earnings release, shares of $Tesla(TSLA.US$ have seen an increase of 72.26%! ![]()
How will the market react to the upcoming results? Make your guess now! ![]()
Rewards
● An equal share of 10,000 points: For mooers who correctly guess the price range of $Tesla(TSLA.US$'s opening price at 9:30 ET July 24 (e.g., If 50 mooers make a correct guess, each of them will get 200 points.)
(Vote will close on 6:00 ET July 24)
● Exclusive 300 points: For the writer of the top post on analyzing TSLA's earnings prospects.
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).
3. The selection is based on post quality, originality, and user engagement.
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).
3. The selection is based on post quality, originality, and user engagement.
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102362254 : Tesla's stock is highly volatile and reacts strongly to earnings reports. Analysts currently suggest holding the stock, with price targets varying widely from $85 to $310, reflecting different views on Tesla's future growth and market position. In Q2 2024, important metrics to focus on include vehicle deliveries, production efficiency, and performance in new markets. While the revenue and EPS estimates suggest a challenging quarter compared to last year, Tesla's long-term growth potential remains strong, driven by innovation and market expansion.
mr_cashcow : Let us dive into Tesla's Q2 2024 earnings prospects:
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
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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
Disclaimer: All the above are purely for educational purposes and are NOT financial advices, please DYOR/DD