Tesla Stock Fell Over 9% After Past 4 Earnings Reports: Fund Manager Offers Advice On How Elon Musk Can Break Woeful Streak
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (TSLA) has experienced a decline in stock price following each of the past four earnings reports, with drops ranging from -9.30% to -12.12%. The declines were attributed to various factors including year-over-year revenue and EPS declines, price cuts, falling margins, and Cybertruck launch uncertainty. Barclays analyst Dan Levy lowered Tesla's price target from $225 to $180, citing expected soft margins and a potential first-quarter miss. Fund manager Gary Black suggests Tesla management should focus on explaining future improvements rather than making grand promises.
April 18, 2024 | 6:52 am
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NEGATIVE IMPACT
Tesla's stock has seen significant declines following earnings reports due to various challenges including revenue and EPS declines, margin erosion, and uncertainty around new product launches. Analysts have reduced price targets, indicating potential continued pressure.
The consistent decline in Tesla's stock price following earnings reports, combined with lowered analyst expectations and price targets, suggests a negative short-term impact. The factors contributing to past declines, such as margin erosion and product launch uncertainties, are likely to continue affecting investor sentiment and stock performance in the near term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100