8 Tesla Analysts Size Up Margins, FSD, Robotaxis, New EVs As Stock Tanks: 'The Realities Of Today Vs. The Dreams Of Tomorrow'
Portfolio Pulse from Chris Katje
Tesla's Q2 financial results have led to mixed reactions from analysts, primarily focusing on the company's automotive gross margins. Analysts have adjusted their ratings and price targets, with some highlighting upcoming catalysts like Robotaxi Day, new product launches, and potential FSD licensing. Despite the current challenges, many analysts remain optimistic about Tesla's long-term growth prospects.
July 24, 2024 | 4:48 pm
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Tesla's Q2 financial results have led to a mixed bag of analyst reactions, primarily focusing on the company's automotive gross margins. Analysts have adjusted their ratings and price targets, with some highlighting upcoming catalysts like Robotaxi Day, new product launches, and potential FSD licensing. Despite the current challenges, many analysts remain optimistic about Tesla's long-term growth prospects.
The article provides a comprehensive overview of Tesla's Q2 financial results and the subsequent analyst reactions. While the immediate focus is on the weaker-than-expected automotive gross margins, the long-term outlook remains positive due to upcoming catalysts like Robotaxi Day, new product launches, and potential FSD licensing. This mixed sentiment is likely to result in a neutral short-term impact on Tesla's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100