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Nasdaq TSLA Tesla
9 months 2 weeks ago
In this podcast, Motley Fool analyst Asit Sharma and host Mary Long discuss the collaborations laying the groundwork for the coming "Intelligence Age."
The Motley Fool
9 months 2 weeks ago
What’s ahead of us is the busiest week of Q3 earnings season so far. A total of 761 companies are listed in our Zacks Earnings Calendar, which you can see here.
Zacks
9 months 2 weeks ago
In this week's video, I discuss need-to-know news items related to Tesla (NASDAQ: TSLA) during the week of Oct. 14.
The Motley Fool
9 months 2 weeks ago
On Oct. 23, Tesla (NASDAQ: TSLA) is scheduled to report quarterly financial results. This typically increases the stock's volatility.
The Motley Fool
9 months 2 weeks ago
Tesla TSLA is slated to release third-quarter 2024 results on Wednesday, after market close. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 58 cents per share and $2
Zacks
9 months 2 weeks ago
Tesla TSLA is slated to release third-quarter 2024 results on Wednesday, after market close. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 58 cents per share and $2
Zacks
9 months 2 weeks ago
Monday, October 21st, 2024What’s ahead of us is the busiest week of Q3 earnings season so far. A total of 761 companies are listed in our Zacks Earnings Calendar, which you can see here.Among the biggest names reporting this week,
Zacks
9 months 2 weeks ago
Monday, October 21st, 2024What’s ahead of us is the busiest week of Q3 earnings season so far. A total of 761 companies are listed in our Zacks Earnings Calendar, which you can see here.Among the biggest names reporting this week,
Zacks
9 months 2 weeks ago
Tesla (NASDAQ: TSLA) is betting its future on advances in artificial intelligence that will make a fleet of robotaxis a reality. But there are already robotaxis on the road today using advanced sensors Tesla has decided not to use. What's the right strategy? In this video, Travis
The Motley Fool
9 months 2 weeks ago
Buying oversold stocks is not a question of one man’s trash being another’s treasure. In many cases, it’s simply the ability to look at specific fundamental or technical indicators as a way to identify stocks that are buying opportunities.
One of those metrics is the relative s
MarketBeat
9 months 2 weeks ago
Tesla
(TSLA) is gearing up to release its third-quarter 2024 earnings on October 23.
Wall Street analysts are forecasting earnings of $0.60 per share, marking a 9% decline from last year’s Q3. The expected drop in profits is likely due to shrinking margins, caused by Tesla’s price cuts in major markets as it deals with rising competition and broader challenges in the auto industry.
This makes Tesla’s margin performance a critical metric to watch in its Q3 report. It’s important to highlight that Tesla has already fallen by 13% in the last three months. If the company can report strong earnings and sustain healthier margins, it could boost the stock price.
However, there’s a silver lining: Q3 revenues are projected to grow by 9% year-over-year, reaching $25.46 billion,
according to data from the TipRanks Forecast page given below.
Recent Events to Consider
Ahead of Q3
Earlier this month,
Tesla shared its third-quarter delivery numbers, reporting 462,890 vehicles. This marks a 6% increase from last year, but it was slightly below analysts’ expectations of 463,310. The shortfall highlights ongoing challenges from the economy and strong competition, particularly in China.
Another important event ahead of the Q3 report was
the Robotaxi showcase on October 10, where Tesla introduced the Cybercab. Unfortunately, investors were left disappointed, as the event lacked the detailed information they had hoped for.
Nevertheless, Elon Musk’s emphasis on new technologies like robotics could be a wise long-term strategy as Tesla aims to expand beyond the competitive electric vehicle market.
Options Traders Anticipate a Large Move
Using TipRanks’ Options tool, we can gauge options traders’ expectations for the stock post-earnings report. Based on a $207.5 strike price, with call options priced at $13.49 and put options at $0.01, the expected price movement,
based on the at-the-money straddle is 7.39%.
Is Tesla a Buy, Sell, or Hold?
Turning to Wall Street, Tesla stock has a Hold consensus rating based on 11 Buys, 16 Holds, and eight Sells assigned in the last three months.
At $207.83, the average TSLA price target implies 5.83% downside potential.
See more TSLA analyst ratings
Disclosure
TipRanks
9 months 2 weeks ago
For Immediate ReleaseChicago, IL – October 21, 2024 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Coca-Cola KO, Tesla TSLA and UPS UPS.
Zacks
9 months 2 weeks ago
Electric vehicle makers are facing multiple headwinds, including slowing demand due to macro pressures, intense competition, and additional tariffs on imports by certain countries. Nonetheless, Wall Street is optimistic about certain EV stocks due to their resilient performance in a tough business backdrop and improving financials. We used
TipRanks’ Stock Comparison Tool to place Nio
(NIO), Li Auto
(LI), and Tesla
(TSLA) against each other to pick the
EV stock with the highest upside potential, according to Wall Street analysts.
Nio (NYSE:NIO)
Shares of Chinese EV maker Nio are down more than 42% year-to-date even after witnessing a solid rally in September due to China’s stimulus measures and improving numbers. However, uncertainty about the Chinese government’s measures to support the EV sector and intense competition continue to drag down Nio stock.
Despite a tough business backdrop, Nio reported solid deliveries in September. The company delivered 21,181 vehicles, reflecting a 35.4% year-over-year increase. Its Q3 deliveries grew 11.6% to 61,855 vehicles. The September numbers included 832 units of the company’s first mass-market model Onvo L60, which was launched on September 19.
Recently, Nio announced that a group of
Chinese investors will invest RMB3.3 billion in its subsidiary Nio China, while the company itself will invest an additional RMB10 billion. Reacting to the news, Daiwa analyst Kelvin Lau noted that Nio China is the core operational entity for the company and the cash injection by existing shareholders is a favorable development that supports the business operations. Lau has a Buy rating on Nio stock.
Is Nio Stock a Good Buy?
HSBC analyst Yuqian Ding lowered the price target for Nio stock to $7.20 from $7.90 but maintained a Buy rating. The analyst has a constructive outlook on Nio’s volumes and margin growth, supported by strong NIO brand sales, the potential for volume expansion for ONVO L60, supply chain cost optimization, and better economies of scale.
Overall, Wall Street has a Moderate Buy recommendation on Nio stock based on eight Buys, four Holds, and one Sell recommendation. The average
Nio stock price target of $6.31 implies about 21% upside potential.
See more NIO analyst ratings
Li Auto (NASDAQ:LI)
Shares of Chinese new energy vehicles (NEV) maker Li Auto have rallied about 22% over the past month due to the news on China’s stimulus measures and the company’s solid September deliveries. However, LI stock is still down more than 32% year-to-date.
Recently, Li Auto reported about a
49% rise in September deliveries to 53,709 vehicles. Overall, the company’s Q3 deliveries increased 45.4% to 152,831. The company attributed the robust performance to solid order intake for Li L series and Li MEGA.
Despite the impressive numbers, Macquarie analyst Eugene Hsiao downgraded Li Auto stock from Buy to Hold but raised the price target to $33 from $25. The analyst thinks that LI stock is fully valued following the recent rally. He added that the stock lacks a catalyst with no new launches lined up in the second half of 2024.
What Is the Target Price for Li Auto Stock?
With six Buys and four Holds, Li Auto stock earns a Moderate Buy consensus rating. At $29.06, the average
LI stock price target implies 15.1% upside potential.
See more LI analyst ratings
Tesla (NASDAQ:TSLA)
Shares of Elon Musk-led Tesla are down over 11% so far this year. Investors are concerned about the company losing market share to emerging EV players and the decline in its margins due to discounts and other incentives.
Moreover,
Tesla’s Q3 deliveries of 462,890 vehicles fell short of expectations and reflected the impact of macro challenges and intense rivalry in China. To make matters worse, the company’s much-awaited robotaxi event failed to impress investors. Analyst Dan Levy from Barclays thinks that the robotaxi event was light on the details and did not highlight any near-term opportunities for the EV giant. Levy reaffirmed a Hold rating on TSLA stock with a price target of $220.
All eyes are now on Tesla’s Q3 results, scheduled on October 23. Analysts expect the company’s EPS to decline nearly 11% year-over-year to $0.59. They project revenue to rise more than 9% to $25.47 billion. Price cuts and increased production costs are expected to offset the company’s top-line growth and weigh on the company’s Q3 margins and EPS.
Is Tesla a Buy, Sell, or Hold?
Meanwhile, Levy thinks that TSLA’s Q3 results could act as a positive near-term catalyst, with focus now on the company’s fundamentals. While the analyst is optimistic about TSLA’s long-term prospects due to its leading position in the global EV transition, he prefers to be on the sidelines due to near-term pressures.
Wall Street is sidelined on Tesla stock, with a Hold consensus rating based on 11 Buys, 16 Holds, and eight Sells. The average
TSLA stock price target of $207.83 implies a possible downside of 5.8%.
See more TSLA analyst ratings
Conclusion
Wall Street is cautiously optimistic about Nio and Li Auto but sidelined on Tesla. Analysts see a higher upside potential in Nio stock than in the other two EV stocks. Nio’s improving sales and its efforts to enhance its margins could drive the stock higher.
Disclosure
TipRanks
9 months 2 weeks ago
Any observer of the stock market would quickly realize that stocks in the so-called "Magnificent Seven" have come to dominate portfolio weightings and the conversation. The size of these businesses, coupled with their focus on technology and innovation, has drawn the capital and
The Motley Fool
9 months 2 weeks ago
Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit cha
Validea
9 months 2 weeks ago
Lucid Group (NASDAQ: LCID) probably isn't the first name you think of when you are asked about electric vehicles (EVs). The top-of-mind name is most likely Tesla (NASDAQ: TSLA), the company that pretty much forced the major automakers to start building EVs. Being late to the game
The Motley Fool
9 months 2 weeks ago
A key tenet of value investing is to invest in stocks that are high quality yet currently unloved in the market.
The Motley Fool
9 months 2 weeks ago
Despite soaring interest in artificial intelligence (AI), "Magnificent Seven" stocks Tesla (NASDAQ: TSLA) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) underperformed the S&P 500 by a wide margin during the past year. Specifically, Tesla shares fell 9%, and Alphabet shares adva
The Motley Fool
9 months 2 weeks ago
October is shaping up to be an eventful month for Tesla (NASDAQ: TSLA).On Oct. 2, Tesla released its production and delivery stats for the third quarter -- standard procedure for the company prior to publishing its quarterly earnings. Just days later, it held its highly anticipat
The Motley Fool
9 months 2 weeks ago
Stocks struggled to find direction in a week that lacked significant news to move the markets, but the bias remains to move higher. Retail sales came in slightly better than expected, but when adjusted for inflation, the numbers still show that consumers are under pressure. On th
MarketBeat
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1 hour 50 minutes ago
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