Nasdaq TSLA Tesla

Electric vehicle (EV) maker Tesla ( NASDAQ:TSLA ) is scheduled to announce its second-quarter results after the market closes on July 19. Tesla impressed investors with upbeat Q2 deliveries, thanks to price cuts that aimed to boost demand and make its EVs affordable to receive tax credits under the Inflation Reduction Act. However, several analysts are concerned about the impact of these price cuts on Q2 margins and the stock’s high valuation following a 136% year-to-date rally. Expectations Ahead of Tesla’s Q2 Earnings Tesla produced 479,700 vehicles in the second quarter. It delivered 466,140 units in Q2, marking an 83% year-over-year jump and a 10% rise from the prior quarter. Analysts expect the company’s Q2 revenue to rise more than 43% year-over-year to $24.3 billion. The company’s adjusted EPS is projected to rise about 4% to $0.79, as lower margins are expected to offset the robust growth in revenue.      On Monday, Wells Fargo analyst Colin Langan raised his price target on Tesla to $265 from $170 but maintained a Hold rating. The analyst expects Tesla’s Q2 gross margin to decline to 17.5%, reflecting continued price cuts and a weaker mix. He anticipates Q2 EPS coming in at $0.75. Langan also highlighted the 68% rise in the stock over the last two months due to better-than-anticipated Q2 deliveries, multiple deals by Tesla to share its charging network with rival EV makers, reports about Model 2 launching by the end of 2024, and Model 3 SR qualifying for full EV tax credits. That said, Langan is concerned about Tesla's Q2 auto margin due to price cuts and is also concerned about volumes heading into the second half of the year. Meanwhile, Barclays analyst Dan Levy thinks that Tesla has a “tough set-up” heading into the Q2 earnings, as momentum in the stock has outweighed fundamentals. Like several other analysts, Levy also believes that Tesla’s Q2 auto gross margin will be the “key focal point.” He projects Tesla’s auto gross margin declining by 150 basis points quarter-over-quarter to 17.5%. Levy sees the stock moving higher if Tesla reports flat margins and management commentary indicates that Q2 is the trough for margins. Conversely, he cautioned that the stock could go down if there are indications of persistent margin weakness. Levy reiterated a Hold rating on Tesla with a price target of $260 last week. Technical Indicators Ahead of TSLA's Q2 Earnings Ahead of the Q2 earnings release, technical indicators reveal that Tesla is a Buy. According to TipRanks’s easy-to-understand technical tool, TSLA’s 50-Day EMA (exponential moving average) is 236.19, while its price is $290.38, making it a Buy. Further, TSLA’s shorter duration EMA (20-day) also signals an uptrend. TipRanks’ Website Traffic Tool Insights According to TipRanks’ Website Traffic Tool, visits to tesla.com and shop.tesla.com were up 19% year-over-year in the second quarter, which bodes well for the Q2 revenue growth. However, it is important to note that website visits were up only 1.8% in Q2 compared to the first quarter of 2023. Is Tesla Stock a Buy, Sell, or Hold?   Wall Street is sidelined on TSLA stock, with a Hold consensus rating based on 12 Buys, 13 Holds, and five Sells. The average price target of $237.50 indicates a possible downside of 18.2% from current levels. Conclusion Tesla shares have enjoyed an impressive rally this year, driven by multiple factors including Q1 performance, Q2 deliveries, and deals involving the company’s Supercharging network with the likes of Ford ( NYSE:F ), General Motors ( NYSE:GM ), and Rivian ( NASDAQ:RIVN ). Nonetheless, analysts are focused on the impact of the price cuts on the Q2 gross margin.    Disclosure

Asian stocks fell on Tuesday as this week's soft Chinese economic data and an absence of stimulus weighed on sentiment, while investors were waiting to see if U.S. retail sales figures shed light on the Federal Reserve policy outlook.

On July 17, 2023 at 14:25:37 ET an unusually large $2,221.59K block of Call contracts in Tesla (TSLA) was sold, with a strike price of $292.50 / share, expiring in 18 day(s) (on August 4, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 2.75

So far this year, Tesla (TSLA) and Netflix (NFLX) stocks have soared +136% and +53% respectively. This certainly has investors wondering if it’s time to buy stock in these market leaders with their quarterly results approaching.

Fool.com contributor Parkev Tatevosian compares Palantir (NYSE: PLTR), Tesla (NASDAQ: TSLA), and Microsoft (NASDAQ: MSFT) to determine which is the best AI stock to buy now.

Since the week of Independence Day earlier this month, bullish sentiment has settled into the market. That continued through today’s initial day of trading to start the week, even as we had few earnings or economic reports to guid

Earnings season is always an exciting time to be an investor, with companies finally pulling the curtain back and unveiling what’s transpired behind closed doors.

U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.95%. Stocks Monday recovered from early losses and posted moderate...

U.S. stocks rose on Monday on expectations corporate earnings will exceed forecasts, but global shares and the dollar traded little changed after data showed the Chinese economy grew slower than anticipated.

U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed.

(RTTNews) - After a two-year delay, Tesla (TSLA) has finally constructed its first Cybertruck, the company announced in a tweet on Saturday. The tweet showcased a group of workers wearing hard hats around the sleek electric pickup truck, which was assembled at Tesla's Gigafactory

U.S. stocks rose to kick off the trading week on Monday, led by gains in financial and technology shares as investors looked toward the next round of quarterly results as earnings season gathers speed.

What happened Electric vehicle (EV) stocks started the week all shook up on Monday, as news releases from Ford (NYSE: F) and Tesla (NASDAQ: TSLA) sent investors scrambling to figure out which way is up.

Tesla Inc's directors agreed to settle a shareholder lawsuit challenging their compensation by returning to the company the value of 3.1 million stock options, worth $735 million, according to a Monday filing in a Delaware court.

The tech-heavy Nasdaq led Wall Street higher on Monday supported by megacap growth stocks including Apple and Tesla, ahead of quarterly results from industry heavyweights through the week.

Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by a Tesla subsidiary.

Hedge fund manager Cathie Wood’s flagship exchange-traded fund (ETF), ARK Innovation ETF ( ARKK ) is shrinking in size, with investors pulling out a net $717 million over the past 12 months, the Wall Street Journal reported citing FactSet data. Investors seem to be booking profits, given ARKK has jumped 56% year-to-date following a significant decline last year. Additionally, investors seem to be averse to several holdings in the ARKK ETF that are still unprofitable.   ARKK ETF’s Shrinking Size Cathie Wood’s ARKK ETF now has over $9 billion in assets under management (AUM) down from $28 billion in February 2021, mostly due to investment losses. The fund enjoyed a strong run and successfully attracted investors' funds during 2020, as it placed its bets on companies focusing on “disruptive innovation.” However, continued rate hikes dampened investor sentiment about unprofitable growth stocks trading at sky-high valuations. Several investors liquidated their positions last year to invest in safer bets due to persistent macro challenges. In 2022, ARKK shares tanked 67%. While ARKK ETF has rallied year-to-date in 2023, it is trading 70% below its all-time high. Although many growth stocks have rebounded strongly this year, most of them are companies generating solid cash flows. Meanwhile among ARKK’s top five holdings – Tesla ( NASDAQ:TSLA ), Coinbase ( NASDAQ:COIN ), Roku ( NASDAQ:ROKU ), Zoom Video ( NASDAQ:ZM ), and Block ( NYSE:SQ ), only Tesla and Zoom generated profits on a GAAP basis in 2022. Aniket Ullal, head of ETF data and analytics at CFRA Research, thinks that many of ARKK’s holdings won’t generate huge cash flows until “way out in the future,” especially when the high-interest rate backdrop is expected to continue for a longer time period.     It is interesting to note that while ARKK’s AUM is shrinking, other ETFs are enjoying solid inflows. As per State Street, active funds have seen inflows worth $10 billion in June and more than $100 billion over the past year.   Meanwhile, Wood, who owns a majority stake in ARKK’s parent company ARK Investment Management, continues to make good money from the ETF, thanks to the fee revenue. ARKK has an annual fee of 0.75%, which is about double the average fee of active ETFs.    What is the Future of ARKK Stock? ARKK has a Hold consensus rating based on the ratings of 445 analysts on its holdings. The average price target of $51.07 implies 5.2% upside. Disclosure

No wonder Tesla (NASDAQ: TSLA) shares have rallied sharply this year. The company is giving investors many reasons to be upbeat. Not only did Tesla report a staggering second-quarter year-over-year growth rate for vehicle deliveries of 83%, but management has also been telling in

Investors interested in stocks from the Automotive - Domestic sector have probably already heard of Ford Motor Company (F) and Tesla (TSLA). But which of these two stocks offers value investors a better bang for their buck right n