At Extreme Investor Network, we are always on the lookout for the latest trends and developments in the world of investing. Today, we turn our attention to Tesla, a company that has been making headlines for its struggles in 2024.
Tesla is set to report earnings after the bell on Tuesday, and all eyes are on Wall Street to see if there will be any relief from the challenges the company has faced this year. With shares down more than 40% and concerns over demand, price cuts, a Cybertruck recall, and competition from Chinese rivals, investors are eager to see what the future holds for Tesla.
Analysts are looking closely at Tesla’s delivery numbers, which saw a decline in the first quarter of the year. This drop in deliveries is seen as a reflection of the overall demand for Tesla’s electric vehicles and will be a key metric to watch moving forward.
As for earnings, analysts are expecting a significant drop compared to the same quarter last year. Despite some analysts lowering their price targets for Tesla, there are still optimistic voices like Morgan Stanley’s Adam Jonas, who believe Tesla will weather the storm and come out stronger.
One of the key points of interest in Tesla’s earnings report will be any updates on the Model 2 and robotaxi initiatives. While there have been reports of delays and changes in Tesla’s plans for the Model 2, analysts are eager to see how these projects will impact the company’s growth trajectory.
At Extreme Investor Network, we believe that staying informed and being aware of the latest developments in the market is crucial for successful investing. Keep an eye on our website for more insights and analysis on Tesla and other top investment opportunities.
