🔥Stock Prediction: How will Tesla close Thursday 20/7 following their earnings?
Click to vote. Guess how will Tesla close Thursday 20/7 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
Tesla is set to post its Q2 2023 earnings after the market close on Wednesday. Analysts expect Tesla’s revenues to come in at $24.475 billion, marking year-over-year growth of about 45%. Adjusted earnings are likely to come in at about $0.817 per share, according to Bloomberg's expectations. Lets's guess where TESLA will move following their earnings?
Tesla's Q2 2023 earnings call will be held on 20 July 2023 at approximately at 5:30 SGT. To set a reminder, please click here
🔙 Latest Results
Tesla reported a lower-than-expected gross margin for the first quarter of 2023 as a series of aggressive price cuts aimed at spurring demand in a sagging economy and fending off rising competition took their toll. As a result, the company's total gross margin stood at 19.3%, compared to analysts' expectations of 22.4%, marking the lowest level since Q4 2020.
Earnings per share: 85 cents adjusted vs 85 cents expected, according to the average analyst estimate compiled by Refinitiv
Revenue: $23.33 billion vs $23.21 billion expected, according to Refinitiv estimates
📒TESLA Q2 earnings consensus
Analysts expect Tesla’s revenues to come in at $24.475 billion, marking year-over-year growth of about 45%. Adjusted earnings are likely to come in at about $0.817 per share, according to Bloomberg's unanimous expectations.
Tesla has a "neutral-to-slightly negative" setup heading into its upcoming earnings report, according to a Citi Research analyst. Citi's Itay Michaeli said that bears worry that Tesla's "stretched valuation" will make the stock "vulnerable going into a quarter that will again be impacted by price cuts, with any margin shortfall or even just unimpressive numbers possibly dampening sentiment." Conversely, he notes consensus expectations for the year don't seem particularly aggressive, while "the Q2 delivery beat leaves room for an upward guidance revision." He boosted his price target on Tesla shares to $278 from $215 but kept a neutral rating on them.
Jefferies analyst Philippe Houchois maintained Tesla a Hold rating and upped the price target from $185 to $265. The second quarter will mark a trough in Tesla's auto gross margin, said Houchois in a note released. The analyst said he expects second-quarter revenue to come in at $24.7 billion, up 6% sequentially and 46% higher than a year ago.
Tesla Earnings Preview: Another Blowout Quarter and a Trough in Auto Gross Margin
💰Event Details
Click to vote. Guess where $Tesla Motors(TSLA)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
For example, If 10 Tigers get the right answer, each will receive 100 Tiger Coins. If 100 Tigers get the right answer, each will receive 10 Tiger Coins.
⏰Event Duration
The deadline for this event is 21:00 on 20th July 2023
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How will Tesla close Thursday 20/7 following their earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
@LMSunshine @Mrzorro @Aqa @Fenger1188 @GoodLife99 @rL @SirBahamut @HelenJanet @pekss @Korer @JC888 @melson
🌟🌟🌟$特斯拉(TSLA)$
今天刚刚公布了季度收入创下历史新高的收益，但其营业利润率降至9.6%。
然而，当埃隆·马斯克未能提供Cyber truck和robotaxi的精确规格和交付日期时，投资者感到失望。埃隆·马斯克还表示，由于工厂因翻新而停工，汽车生产将在第三季度放缓。
由于降价和激励措施，特斯拉也报告了较低的利润率。
我对特斯拉投了平票，但我相信特斯拉在未来将继续呈指数级增长，许多项目正在进行中，特斯拉机器人（也称为Optimus）的开发也将准备投入生产。
特斯拉到月球！🚀🚀🚀🌛🌛🌛💰💰💰
@Tiger_Earnings
@rL @Shyon @b1uesky @Aqa
What do you see on the Hourly Chart?
I believe it speaks for itself!
Coming week
- Earnings on 19 July 2023!
- Look for breaks of 281/282 as the neckline for the Cup&Handle
- Target 309
Support remains 231 to 240 range.
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