Nasdaq TSLA Tesla

Tesla TSLA is slated to release third-quarter 2024 results on Oct. 23, after the closing bell. The results will primarily center around the company’s vehicle deliveries and profit margins. Stay up-to-date with the quarterly r

Tesla TSLA is slated to release third-quarter 2024 results on Oct. 23, after the closing bell. The results will primarily center around the company’s vehicle deliveries and profit margins. Stay up-to-date with the quarterly r

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In its upcoming report, Tesla (TSLA) is predicted by Wall Street analysts to post quarterly earnings of $0.58 per share, reflecting a decline of 12.1% compared to the same period last year. Revenues are forecasted to be $25.57 bil

Tesla (TSLA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

For Immediate ReleaseChicago, IL – October 18, 2024 – Today, Zacks Investment Ideas feature highlights Tesla TSLA, Super Micro Computer SMCI, Coinbase Global COIN, iShares Bitcoin ETF IBIT and iShares Ethereum Trust ETHA.

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

Don't be surprised if there's a big year-end rally in the crypto market. As soon as the presidential election results are known in November, it could mark the signal for investors to load up on risk assets again.

Tesla's (NASDAQ: TSLA) robotaxi event was met with skepticism by the market because timelines weren't firm, and there's no clear idea when robotaxis will hit the road. But there are robotaxis on the road today, and they're scaling quickly. In this video, Travis Hoium shows where

Tesla’s ( NASDAQ:TSLA) Robotaxi reveal party was a carnivalesque affair but ultimately light on details. Wall Street’s response has been largely skeptical, reflected in Tesla’s 15% stock drop in October. Doubts persist over whether the EV giant’s self-driving Cybercab will truly revolutionize the market as promised. The same sentiment extends to the newly unveiled Cybervan and the Optimus robot, which Elon Musk boldly called “the biggest product ever.” Actually, on that issue, according to a Bloomberg report, the company had humans remotely operating certain functions of the Optimus robot prototypes during the event. So, unless you’re a diehard TSLA lover, it’s easy to understand why some would be cynical about Musk’s ambitions following the disappointing event. Even Tesla fan, Canaccord analyst George Gianarikas, couldn’t ignore the shortcomings. “Let’s be critical for a moment,” said Gianarikas. “We sort of get the snarky reactions. Details were minimal. And, we doubt the timing of it all. All. By a lot. Not only is Robotaxi unlikely by 2026 in our view, but, we are not totally convinced that Tesla’s camera-only, end-to-end neural network approach is the right one — at least not for a long while.” Gianarikas has long banged the drum for Tesla, so has the analyst now decided that there’s just too much hot air circulating in the EV leader’s HQ? Not at all. Gianarikas’ recommendation is to “stop being so cynical. SpaceX just caught a rocket booster in the arms of its launch tower, have faith!” The analyst points out that Tesla is in it for the long-term, intent on “creating value” across four major markets: electric vehicles, AI and autonomy, robotics, and energy storage. Each of these sectors has a large TAM (total addressable market) and strong growth potential, where Tesla is expected to be a leading player. “The party, despite its speciousness, was a modish introduction to the company’s robofuture designed to put the world on alert,” Gianarikas goes on to reassure, “and — yes — help investors understand the company’s long-term potential. Don’t miss the profundity behind the glitz and glamour.” Accordingly, Gianarikas rates Tesla shares a Buy rating, backed by a $254 price target. The implication for investors? Upside of 15% from current levels. (To watch Gianarikas’s track record, click here) Turning now to the rest of the Street, where 10 other analysts also have a favorable view of TSLA’s prospects although they are countered by 16 Holds and 8 Sells, making the consensus view a Hold. The average price target currently stands at $207.83, suggesting a ~6% drop in in the cards. (See Tesla stock forecast ) To find good ideas for stocks trading at attractive valuations, visit TipRanks’  Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Tesla (TSLA) has underperformed over the past few weeks following a disappointing production report and negative market reactions to its long-awaited Robotaxi event. As the company prepares to report its Q3 earnings results next week, I maintain a Hold stance on TSLA. I believe that as the market’s attention increasingly shifts to the bottom line, the company’s margins are likely to come under pressure in Q3 due to ongoing headwinds in the auto industry. This could lead to a negative reaction, although some surprises may emerge, such as regulatory credits and strong growth in its energy storage business. Tesla’s Q3 Deliveries Miss Tesla is scheduled to report its Q3 earnings on October 23. However, part of my neutral stance ahead of the earnings release stems from the fact that Tesla’s earnings day often feels less impactful. The company provides its production and delivery results before its financial reports, giving investors a significant preview of its performance. In early October, the company reported 462,890 deliveries, a 6% increase compared to the same period last year but slightly below analysts’ expectations of 463,310. However, I believe this discrepancy is part of a short- to medium-term trend that investors have come to anticipate. The reasons for not meeting expectations can be attributed to significant macroeconomic pressures, particularly the high interest rate environment, which has affected car sales on financing options—a situation that has only recently started to improve. The auto industry as a whole has faced challenges, with weak sales reports from traditional automakers such as Ford (F), General Motors (GM), and Stellantis (STLA). However, there is more to consider. Tesla’s broader strategic shift towards autonomous ride-hailing and humanoid robots may also be impacting production. Such a significant change in strategy is likely to result in periods of contraction in its traditional electric vehicle deliveries and production numbers. All Eyes on the Robotaxi While I view Tesla’s current situation as cautious, one major area where the company seems to hold significant long-term potential is in its AI initiatives, particularly its shift toward autonomous ride-hailing and humanoid robots. The long-awaited Robotaxi event, which had been rescheduled several times, finally took place on October 10. Although I see the event as a pivotal moment for the company’s next stage of growth, the market’s reaction was less favorable, likely due to a lack of detailed information. During the event, Musk announced that the company would begin manufacturing Cybercabs before 2027, but he also acknowledged his tendency to be overly optimistic about timelines. Another significant promise made was that anyone would be able to purchase the two-seater Cybercab for less than $30,000. The challenge is that these commitments seem unrealistic within the specified timeframe, raising skepticism about the feasibility of Musk’s ambitious plans. The Event Was Successful Despite these concerns, I consider the event successful—not necessarily because of the occasion itself but because of the immense hype that has surrounded Robotaxi throughout the year. This year, the anticipation for the event drove Tesla’s share price from around $140 to over $260, even as the company continued to report weak sales, production, and delivery numbers. In fact, Tesla has warned of slowing growth this year, contradicting its previous expectation of a compounded annual growth rate (CAGR) of 50%. Instead, Elon Musk has shifted his focus to directing investors’ attention toward the Robotaxi program, robotics, and other technological advancements, effectively moving the narrative away from solely electric vehicle sales. What to Expect on Tesla’s Earnings Day Although Tesla shares have fallen more than 8% since the Robotaxi event, and the market has already priced in Tesla’s deliveries for the quarter, my neutral outlook ahead of Q3 earnings day remains firm. I believe that, despite the delivery numbers, investors should increasingly focus on Tesla’s profitability. Logically, the company needs to sell vehicles to support its Full Self-Driving (FSD) program and the entire ecosystem. However, gross profit may be the key metric to watch. While Tesla should benefit from regulatory credits—which surprised many last quarter—there are concerns about potential margin compression due to aggressive pricing strategies amid rising competition. Notably, Gordon Johnson, a bearish analyst at GLJ Research, predicts that Tesla’s gross margin will decline to 15%, compared to the 18% reported by the company in Q2. There May Be Some Positive Surprises in Store Despite the pessimism surrounding margins, there may be some positive surprises in store. One area that has been gaining market attention is energy storage, which could provide essential support during Tesla’s strategic redirection. The company deployed 6.9 GWh of energy storage in Q3, up 72.5% from 4 GWh in Q3 2023, indicating strong performance in this segment. Additionally, I believe that during the earnings call, any detailed insights from Elon Musk regarding the financing and production strategies for Robotaxi and Optimus at scale could positively impact the stock, even if top and bottom line estimates are not necessarily exceeded. Wall Street expects Tesla to report Q3 EPS of $0.60, reflecting a 9% year-over-year decline, and revenues of $25.67 billion, representing a 10% year-over-year increase. Is TSLA a Buy, According to Wall Street Consensus? At TipRanks, the consensus rating for Tesla is Hold. Among 35 analysts, 11 have issued a Buy recommendation, 16 have a Hold, and eight have a Sell. The average price target is $207.83, suggesting a downside potential of 5.63%. See more TSLA analyst ratings Conclusion The market has reacted poorly to Tesla’s recent production numbers and the Robotaxi event. While I believe that weak delivery numbers for Q3 were to be expected, the lack of details regarding the financing and scaling of Robotaxi production leaves a cloud of uncertainty. This seems like a smart strategy by Tesla to shift focus away from its struggling electric vehicle sales. I anticipate that Tesla’s Q3 figures will reflect the company’s headwinds, with little hope for an improvement in the bottom line—something that investors should increasingly prioritize. For this reason, I prefer to remain on the sidelines ahead of earnings day. Disclosure

U.S. equity investors are preparing for earnings season. Earnings season occurs four times a year and refers to the stretch when the majority of the most followed companies report earnings. The earnings reports include information

Tesla TSLA is slated to post third-quarter 2024 results on Oct. 23, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 58 cents per share and $25.57 billion, re

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

For Immediate ReleaseChicago, IL – October 17, 2024 – Today, Zacks Equity Research discusses Tesla TSLA, General Motors GM and Blue Bird Corp. BLBD.

A $5,000 investment can be a good amount of money to invest in a stock. It's large enough that if you pick a winner, your returns could be significant, and that can help justify spending a lot of time researching the ideal stock to invest in. You can also generate a fair bit of d

In this podcast, Motley Fool analyst Bill Mann and host Dylan Lewis discuss:

In this podcast, Motley Fool host Dylan Lewis and analysts Jason Moser and Andy Cross discuss:

In this podcast, Motley Fool host Dylan Lewis and analysts Jason Moser and Andy Cross discuss:

Earnings season remains in full swing next week, with several blue chips still waiting for their turn in the confessional. The likes of 3M (MMM), Coca-Cola (KO), IBM (IBM), and Verizon (VZ) are due to make their mark, while American Airlines (AAL), Hilton Worldwide (HLT), Keurig