Are you ready to dive into the world of investing with a focus on Tesla? At Extreme Investor Network, we have the latest insights and analysis to help you make informed decisions.
As Tesla prepares to report its earnings after the bell on Wednesday, the stakes are high for the electric vehicle giant. Analysts are projecting earnings of 58 cents per share on $25.37 billion in revenue. This represents a 12% decline in earnings from the year-ago period, highlighting the challenges facing the company.
Tesla has faced a rocky patch in recent months, with the stock down 13% in 2024 and a disappointing third-quarter delivery numbers. The company is contending with increased competition in the EV market, both domestically and internationally. Legacy automakers are entering the fray, while newer competitors like Rivian, Li Auto, and Geely are making their mark.
Following an underwhelming robotaxi event earlier this month, Wall Street analysts are closely watching Tesla’s automotive gross margins as a key figure that could impact the company’s post-earnings performance. Analysts are also looking for exciting new catalysts, such as take-rates for full self-driving software, to boost investor sentiment and drive share re-rating.
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