What's Going On With Tesla Stock Ahead Of Earnings Tuesday?
Portfolio Pulse from Adam Eckert
Tesla Inc (NASDAQ:TSLA) is facing significant attention ahead of its earnings report, with shares hitting new 52-week lows due to concerns over EV demand and potential disappointing results. Analysts have varied views, with some predicting negative free cash flow and others focusing on the need for a clear vision from CEO Elon Musk. Recent price target adjustments reflect a broad range of expectations for the company's financial performance. Tesla's recent actions, including workforce layoffs and price cuts in various markets, have contributed to the stock's decline. The company is expected to report an EPS of 51 cents and revenue of $22.33 billion.
April 23, 2024 | 2:32 pm
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Tesla Inc is under investor scrutiny ahead of its earnings report, with concerns over EV demand and potential disappointing results. Analysts have mixed views, and recent price target adjustments reflect varying expectations. The company's recent workforce layoffs and price cuts could further impact its stock performance.
Tesla's stock has been under pressure due to concerns over declining EV demand and the potential for disappointing earnings results. Recent analyst ratings and price target adjustments indicate a broad range of expectations, which could lead to increased volatility around the earnings report. Additionally, recent company actions such as workforce layoffs and price cuts in various markets may further impact investor sentiment and stock performance in the short term.
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