Tesla Analyst Predicts 6% Beat On Q2 EPS — But Tells Investors To Focus On 4 'More Important' Things
Portfolio Pulse from Shanthi Rexaline
Gary Black, co-founder of Future Fund, predicts Tesla's Q2 adjusted earnings per share to be around $0.87, higher than the consensus estimate of $0.82. His estimates are based on assumptions including an auto gross margin of 18%, regulatory credits of $340 million, an auto average selling price of $45,000, and energy revenue of $1.9 billion. Black suggests investors focus on the fiscal year 2023 deliveries guidance, auto gross margin trajectory, timing of the first Cybertruck deliveries, and recognition of deferred revenue from full-self driving.
July 14, 2023 | 6:07 am
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POSITIVE IMPACT
Tesla's Q2 earnings are predicted to beat estimates, which could positively impact the stock. However, investor focus on other factors such as 2023 deliveries guidance, auto gross margin, Cybertruck deliveries, and deferred revenue from full-self driving could also influence the stock's performance.
The prediction of Tesla's Q2 earnings beating estimates is a positive signal for the stock. However, the stock's performance could also be influenced by other factors highlighted by the analyst, such as 2023 deliveries guidance, auto gross margin, timing of the first Cybertruck deliveries, and recognition of deferred revenue from full-self driving.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100