What's Going On With Tesla Stock Today
Portfolio Pulse from Henry Khederian
Tesla Inc (TSLA) shares are trading higher by 1.55% to $297.90 ahead of the company's second-quarter earnings report. The company is expected to report EPS of 82 cents on revenue of $24.48 billion. Investor concerns revolve around the auto gross margin, excluding regulatory credit, due to expected price cuts and discounts. Gene Munster of Deepwater Asset Management anticipates auto gross margins to be around 17-18%, while the market consensus is set at 19%.
July 19, 2023 | 4:33 pm
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POSITIVE IMPACT
Tesla's stock is trading higher ahead of its Q2 earnings report. Concerns about auto gross margin could impact the stock's performance.
The rise in Tesla's stock price indicates positive investor sentiment ahead of the earnings report. However, concerns about auto gross margin due to expected price cuts and discounts could potentially impact the stock negatively. The market's reaction to the earnings report will depend on whether these concerns are addressed and the actual reported margins.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100