Tesla Q1 Earnings Preview: Analysts Expect 30 Cents/Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy TSLA?
Source: Newsfilter
- Earnings Release Date: Tesla is set to release its Q1 earnings on April 22, which is expected to provide insights into the company's latest performance and financial health in the electric vehicle market.
- Earnings Expectations: Analysts anticipate earnings of 30 cents per share, reflecting a cautiously optimistic outlook on the company's profitability, which could influence investor confidence.
- Revenue Forecast: The projected revenue of $22.17 billion for Q1 will serve as a crucial indicator of Tesla's competitiveness in the global electric vehicle market, especially amid increasing market competition.
- Stock Price Movement: Tesla's stock fell 1.6% on Tuesday, indicating market concerns ahead of the earnings report, which may affect short-term investor decisions and overall market sentiment.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to rise
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 373.720
Low
25.28
Averages
401.93
High
600.00
Current: 373.720
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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