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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
Ocean0715 : Bullish in the Aftermath
70785290 : Djt
New93 : blab
Bze heat : Between 250 and 250
71816453 : Price will drop to 220ish
Samiinvest : Up
Dwiggz1992 : Tesla is the best EV COMPANY IN THE WORLD
70642274 : AI, robotics, model 2 release , cyber truck sall
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