Tesla Q1 Earnings Preview: Is EV Giant No Longer A 'Growth Stock?' Analysts Cautious, Want Answers About Robotaxis, Model 2
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) is set to report its Q1 financial results, with analysts expecting revenue of $22.34 billion and earnings per share of 51 cents. The focus is on demand, future growth plans, and updates on Robotaxis and Model 2. Analysts have mixed views, with some seeing potential for stock support from future growth drivers, while others caution about the company's growth status and recent performance challenges. Price targets vary significantly among analysts. Key concerns include demand, production and delivery figures, the status of the Model 2 and Cybertruck, and recent layoffs.
April 22, 2024 | 10:32 pm
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Tesla is anticipated to report Q1 results with a focus on demand, future growth plans, and updates on key products. Analysts' mixed views and recent performance issues could influence stock movement.
Tesla's Q1 earnings are crucial due to recent underperformance and analysts' focus on demand and future growth items like Robotaxis and Model 2. Mixed analyst ratings and concerns over Tesla's growth status, alongside recent layoffs and production/delivery figures, contribute to uncertainty. However, potential updates on future growth drivers could provide support. The wide range of analyst price targets and the anticipation of key updates in the earnings call add to the stock's volatility.
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IMPORTANCE 90
RELEVANCE 100