Tesla's Shifts Gears With A Solid Recovery Of 27% In July As Q2 Earnings Approach
Portfolio Pulse from Zaheer Anwari
Tesla Inc (NASDAQ:TSLA) is set to announce its Q2 earnings after market close this Tuesday. The stock has shown a solid recovery, increasing 27% in July after a 10% rise in June. Analysts estimate an EPS of $0.60 for Q2, reflecting cautious optimism. Key points include the progress of the 'CyberCab' robotaxi initiative and concerns about automotive gross margins due to recent price cuts and workforce reductions.
July 23, 2024 | 6:51 pm
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Tesla is set to announce its Q2 earnings, with analysts estimating an EPS of $0.60. The stock has shown a solid recovery, increasing 27% in July. Key points include the 'CyberCab' robotaxi initiative and concerns about automotive gross margins due to recent price cuts and workforce reductions.
The upcoming Q2 earnings report is highly anticipated, with analysts showing cautious optimism. The stock's recent recovery and strategic developments like the 'CyberCab' robotaxi initiative are positive indicators. However, concerns about automotive gross margins due to price cuts and workforce reductions could impact investor sentiment.
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