Tesla Inc. is currently in the spotlight due to its upcoming earnings report, analyst activity, and interesting technical trends. This article will provide an in-depth analysis of Tesla’s earnings history, analyst consensus, and technical analysis to help investors make informed decisions.
Earnings History and Expectations
Tesla is scheduled to report its second-quarter earnings on July 22. The company is expected to post earnings per share of $0.44 and revenue of $25.24 billion. In the most recent quarter, Tesla reported earnings per share of $0.41, exceeding estimates by 0.37%. Revenue came in at $22.39 billion, surpassing estimates by 0.01%.
Over the last four quarters, Tesla has averaged an EPS surprise of 0.19% and a revenue surprise of 0.02%. Investors should focus on the following key metrics:
- Automotive gross margin excluding credits
- Operating margin
- FSD and software-related revenue signals
- Delivery volumes and pricing commentary
These metrics will provide insight into Tesla’s revenue growth, profitability, and demand elasticity.
Analyst Consensus and Recent Actions
Tesla carries a Buy Rating with an average price target of $405.70. Recent notable moves include:
- Morgan Stanley: Equal-Weight (Raised Target from $415.00 to $417.00) on July 14
- Barclays: Equal-Weight (Raised Target from $360.00 to $370.00) on July 14
- Wells Fargo: Underweight (Raised Target from $125.00 to $130.00) on July 14
Technical Analysis
Tesla is currently trading below its major trend gauges, with key levels to watch:
- 20-day SMA: $398.63
- 50-day SMA: $409.97
- 200-day SMA: $417.36
- Key Resistance: $433.00
- Key Support: $380.00
The Relative Strength Index (RSI) is currently at 46.28, indicating a neutral but soft momentum. The stock is still up 22.43% over the past 12 months, but the recent structure has been weaker.
Conclusion
Tesla’s upcoming earnings report will be closely watched by investors, analysts, and traders. The company’s earnings history, analyst consensus, and technical analysis all point to a complex and dynamic situation. By focusing on key metrics and trend gauges, investors can make informed decisions about Tesla’s stock.
Current Price Action
At the time of publication, Tesla shares are trading 1.63% lower at $384.68.
Key Takeaways
- Tesla is scheduled to report its second-quarter earnings on July 22
- The company carries a Buy Rating with an average price target of $405.70
- Key metrics to watch include automotive gross margin, operating margin, and FSD and software-related revenue signals
- Technical analysis indicates a neutral but soft momentum, with key levels to watch at $433.00 and $380.00