Tesla Q2 Earnings Preview: Earnings Estimates, What Analysts Are Saying, How Cybertruck Could Be The Big News Item
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) is set to report Q2 financial results with analysts expecting revenue of $24.53 billion and 81 cents in earnings per share. The company has beaten or matched earnings per share estimates in each of the last nine straight quarters. The Cybertruck, Tesla's electric pickup truck, could be a major focus during the earnings report. Rival companies Ford Motor Co (NYSE:F) and Rivian Automotive Inc (NASDAQ:RIVN) have cut prices on their electric pickup trucks ahead of Tesla's earnings. Analysts have shared updated notes on the stock with varying price targets.
July 18, 2023 | 8:12 pm
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POSITIVE IMPACT
Tesla is expected to report strong Q2 results with a focus on the Cybertruck. Rival companies cutting prices on their electric trucks could impact Tesla's pricing strategy.
The anticipation of strong Q2 results and the focus on the Cybertruck could drive Tesla's stock price up. However, price cuts by rival companies could force Tesla to adjust its pricing strategy, potentially impacting its profit margins.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Ford has cut prices on its electric pickup trucks ahead of Tesla's earnings, potentially in anticipation of the Cybertruck pricing.
Ford's decision to cut prices on its electric trucks could be a strategic move in anticipation of the Cybertruck pricing. This could impact Ford's profit margins but could also potentially increase its market share in the electric truck market.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Rivian has cut prices on its electric pickup trucks ahead of Tesla's earnings, potentially in anticipation of the Cybertruck pricing.
Rivian's decision to cut prices on its electric trucks could be a strategic move in anticipation of the Cybertruck pricing. This could impact Rivian's profit margins but could also potentially increase its market share in the electric truck market.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50