Trading Strategies For Tesla Stock Before And After Q2 Earnings
Portfolio Pulse from Melanie Schaffer
Tesla, Inc (NASDAQ:TSLA) is set to kick off the big tech earnings season with its Q2 report. Analysts estimate earnings per share of 82 cents on revenues of $24.48 billion. Ahead of the event, Wells Fargo maintained an Equal-Weight rating on Tesla and raised a price target from $170 to $265. Wedbush analyst Daniel Ives reiterated an Outperform rating and maintained a price target of $300 and Morgan Stanley analyst Adam Jonas reiterated an Equal-Weight rating with a $250 price target. Tesla's stock looks neutral heading into the event, trading in an uptrend but in need of a pullback.
July 19, 2023 | 7:08 pm
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NEUTRAL IMPACT
Traders can use MIAX’s SPIKES Volatility products to trade the volatility in the stock market expected due to Tesla's earnings report.
The upcoming Tesla earnings report is expected to increase volatility in the stock market. Traders can use MIAX’s SPIKES Volatility products to trade this volatility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Tesla's Q2 earnings report is expected to impact its stock price. Analysts have given mixed ratings and price targets ahead of the report.
The upcoming Q2 earnings report is a significant event for Tesla and its investors. The mixed analyst ratings and price targets suggest uncertainty about the company's performance. This could lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100