Tesla To Shoot Past 2025 EPS Consensus As Cybertruck Deliveries Will 'Far Exceed' Wall Street Estimates, Says Analyst
Portfolio Pulse from Shanthi Rexaline
Future Fund Managing Partner Gary Black predicts that Tesla's Cybertruck deliveries will 'far exceed' Wall Street estimates. The current consensus delivery estimates for 2024 and 2025 are 91,000 units and 160,000 units, respectively. However, Tesla is planning for annual production of 375,000 units. This shortfall is worth $0.60 per share in incremental earnings per share estimate for 2025. Tesla's stock closed Tuesday's session up 0.07% at $269.79.
July 12, 2023 | 6:19 am
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Tesla's Cybertruck deliveries are expected to exceed Wall Street estimates, potentially boosting the company's 2025 earnings per share by $0.60. Tesla's stock closed Tuesday's session up 0.07% at $269.79.
The news of Tesla's Cybertruck deliveries potentially exceeding Wall Street estimates is directly related to the company's future earnings and stock price. This could lead to increased investor confidence and a potential rise in Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100