Nasdaq TSLA Tesla

The first-quarter 2022 earnings season will gather pace this week as more than 250 companies are slated to report their quarterly numbers. Earnings results of corporate America are likely to return to normalcy after last year’s astonishing growth. Earnings results of 2021

The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) was launched on 10/21/2013, and is a passively managed exchange traded fund designed to offer broad exposure to the Consumer Discretionary - Broad segment of the equity market.

Just as investors brace to hear the impact of a three-week pause of production in Shanghai because of governmental restrictions related to COVID-19 on Tesla's (NASDAQ: TSLA) view for full-year deliveries, investors in the electric-car maker are getting some good news about one of

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The electric vehicle (EV) sector has been supported by rising petroleum prices and increased consumer awareness around environmental issues. Tesla has been one of the more resilient stocks on the market, despite the recent tech-focused sell-off and has risen over 57% in the last year and 16% over the last six months.

The EV stalwart will release its first-quarter earnings report for 2022 after the market closes tomorrow, April 20.

Let's take a look at how Tesla is expected to perform in the first quarter.

A Few Points Worth Noting

Despite supply chain bottlenecks and COVID-related production shutdowns, Tesla has already set the pace by posting record first-quarter deliveries. The EV leader delivered 310,048 units, a 68% rise year-over-year.

However, first-quarter production fell marginally to 305,407 units from the 305,800 units reported in the fourth quarter. This suggests that like many other automakers, Tesla has been affected by supply chain restrictions and higher input costs, at least to some extent. Furthermore, the Shanghai factory lockout is expected to have had some impact on production numbers.

Nevertheless, Tesla's output at two new factories, one in Germany and the other in Texas, should help the business improve production and counter some of the negative effects of the Shanghai shutdown.

Healthy Q1 Expectations

According to experts, Tesla is expected to report adjusted earnings of $2.26 per share in the first quarter. This figure represents a spike of 143% from the year-ago quarter. In addition, experts forecast Q1 revenue to increase by 69% to $17.6 billion.

Recent Developments

The electric car maker is preparing to resume manufacturing in Shanghai, which has been shut down for three weeks due to a surge in COVID-19 cases in China. Tesla employees will reportedly be required to live on-site for at least a short period of time.

The reopening of the factory would increase output, allowing the company to satisfy the growing demand for its vehicles.

In other news, Tesla CEO Elon Musk recently attempted to buy Twitter (TWTR) for $54.20 per share, or $43 billion.

Investors expect Tesla to shed some light on the proposed acquisition together with its first-quarter earnings.

Wall Street’s Take

Ahead of the Q1 results, Piper Sandler analyst Alexander Potter maintained his Buy rating on the company but decreased the price target to $1,260 from $1,350.

According to the analyst, Tesla's upcoming results may be impacted by forced lockdowns in China. As a result, Potter lowered his projections for 2022.

Wall Street analysts are cautiously optimistic about Tesla, with a Moderate Buy rating based on 15 Buys, five Holds, and six Sells. The average TSLA price target of $1006.04 implies that shares are fully valued at current levels.

Bottom Line

It will be fascinating to see how the company performs in the first quarter amid prolonged global supply chain concerns, inflationary pressures, and manufacturing shutdowns.

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(RTTNews) - The Private equity firm Apollo Global Management Inc. is considering participating in Elon Musk's $43 billion Twitter bid, Wall Street Journal reported citing people familiar with the matter.

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Shares of Twitter Inc (NYSE: TWTR) ticked higher Monday afternoon on news that buyout firm Apollo Global could be the latest to put in an offer for the social media platform.

What Happened: After Tesla Inc (NASDAQ: TSLA) CEO Elon Musk put in a buyout offer of $54.20 per share for Twitter, many analysts and industry experts expected a higher price to come in for the company.

While Musk has said it was his final offer for the social media platform, some expect him to submit a higher buyout offer for the company, of which he owns 9.1%.

Outside of Musk, private equity has been highlighted as a potential acquirer.

Buyout firm Apollo Global Management (NYSE: APO) is considering bidding for Twitter, according to a new report from the Wall Street Journal.

Apollo, who is one of the largest buyout firms in the world, is also the owner of Yahoo, a company that could come into play as a potential partner.

Related Link: This Twitter Board Member Hasn't Used His Verified Account, Called Out For Not Using Own Product 

Why It’s Important: It was reported in 2016 that Yahoo and Twitter considered merging together. Twitter met with Yahoo management including CEO Marissa Mayer to discuss a merger at the time. Sources said Twitter CEO Jack Dorsey wasn't part of the meeting.

Musk is said to be working with potential partners on a renewed bid for Twitter that could include raising the price tag.

Along with Musk’s bid for Twitter, private equity firm Thoma Bravo is expected to submit a counter-offer for Twitter and has contacted the Board of Directors over a potential deal. Twitter adopted a poison pill, making a hostile buyout unlikely to happen.

Twitter reports quarterly earnings on April 28 in a highly anticipated event that could include more public comments on buyout rumors from the company and CEO Parag Agrawal.

TWTR Price Action: Twitter shares spiked higher into the close Monday, ending the day up 8% to $48.51. Shares have traded between $31.30 and $73.34 over the last 52 weeks.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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(RTTNews) - Luxury electric car maker Tesla Inc. (TSLA) will no longer include its mobile connector with new car purchases, CEO Elon Musk confirmed on Twitter.

The U.S. Department of Energy is lending $107 million to graphite miner Syrah Resources Ltd to build an electric vehicle battery parts facility in Louisiana, the first loan in more than 10 years from the department's Advanced Technology Vehicles Manufacturing (ATVM) funding program.

U.S. stocks closed lower on Monday after a session which saw all three benchmarks slip between positive and negative territory, as investors contrasted Bank of America's positive earnings with surging bond yields ahead of further earnings cues this week.

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Technology stocks were finishing narrowly lower on Monday, with the SPDR Technology Select Sector ETF (XLK) falling 0.1% although the Philadelphia Semiconductor Index was posting a 1.5% gain this afternoon.

NEW YORK (Reuters Breakingviews) - The best buyer for Twitter may be nobody. The social network on Friday enacted a “poison pill”, temporarily blocking Elon Musk’s $41 billion takeover bid, but putting it in play. As Twitter le