Why Tesla Will Likely Stay Quiet About Model 3 Highland Launch Timeline On Q2 Call: Analyst Weighs In
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) is expected to host its Q2 earnings call soon. Analysts predict that the company may not discuss the launch timing of the Model 3 refresh due to the potential 'Osborne effect', which could lead to customers deferring orders for the current version of the product. The upgraded Model 3, codenamed 'Highland', is rumored to be close to starting trial production at Tesla's Giga Shanghai. Analyst Gary Black expects Tesla to report Q2 adjusted earnings of $0.82 per share and an auto gross margin of 18.2%, excluding regulatory credits.
July 17, 2023 | 6:31 am
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Tesla's Q2 earnings call is expected soon, but the company may not discuss the launch timing of the Model 3 refresh. This could be due to the potential 'Osborne effect', which could lead to customers deferring orders for the current version of the product. The upgraded Model 3 is rumored to be close to starting trial production.
The news is directly related to Tesla and its upcoming Q2 earnings call. The potential 'Osborne effect' could impact customer orders for the current Model 3, which could affect Tesla's revenues. However, the impact on the stock price is uncertain as it depends on the actual earnings reported and investor reactions.
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