Tesla Sized Up By 9 Analysts After Q3 Earnings: 'Mini Disaster' Conference Call, First Bad Miss In Some Time, A Win For The Bears
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) reported Q3 financial results that missed analysts' estimates for revenue and earnings per share. Analysts from Evercore, Roth MKM, Morgan Stanley, Guggenheim, Oppenheimer, Needham, Wedbush, GLJ Research, and Bank of America provided their ratings and price targets for Tesla. The analysts expressed concerns about Tesla's gross margins, pricing, competition, and the impact of macroeconomic factors. Tesla's shares are down 8.62% to $221.77.
October 19, 2023 | 4:12 pm
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NEUTRAL IMPACT
Morgan Stanley analyst Adam Jonas noted that the operating margin for Tesla without credits was 5.3% in the third quarter, which was close to the estimate for Ford Motor Company (NYSE:F) of 5.3%.
The news mentions Ford in comparison to Tesla's operating margin. However, it does not provide any specific information about Ford that could impact its stock price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Morgan Stanley analyst Adam Jonas noted that the operating margin for Tesla without credits was 5.3% in the third quarter, which was below an estimate of 7.6% for General Motors Company (NYSE:GM).
The news mentions General Motors in comparison to Tesla's operating margin. However, it does not provide any specific information about GM that could impact its stock price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Tesla's Q3 financial results missed estimates, leading to concerns about gross margins, pricing, and competition. Tesla's shares are down 8.62% to $221.77.
Tesla's Q3 financial results missed analysts' estimates, which has led to a decrease in the company's share price. Analysts have expressed concerns about the company's gross margins, pricing, and competition, which could further impact the company's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100