Tesla Q2 Earnings Preview: Can Musk Keep Momentum Going Amid Higher Expectations?

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Stocks Analysis by Investing.com (Günay Caymaz) covering: Tesla Inc. Read Investing.com (Günay Caymaz)'s latest article on Investing.com

Analysts' forecasts for Tesla's earnings are mixed, but the stock price could be volatile after the report.Not only did the Musk-led company deviate from analyst predictions by delivering more vehicles than in Q1, but it also achieved record highs in energy storage products and benefitted from CEO Elon Musk's hefty $56 billion compensation package.this last development helped ease concerns about the company's commitment to robotics technology.

Against this backdrop, analysts' forecasts for Tesla's second-quarter earnings paint a mixed picture. Over the past three months, an equal number of analysts have both raised and lowered their EPS estimates, resulting in a current consensus forecast of $0.62 per share.These figures represent significant downward revisions from initial expectations. Before adjustments, analysts predicted EPS of $1.18 and revenue of $31.55 billion.

Fair value analysis using InvestingPro's tools suggests a possible correction for TSLA. The average forecast predicts a 12% decline, with a fair price estimated at $220.84 based on various financial models. The highest analyst estimate sits at $247.95, while some models predict a price below $200 due to long-term revenue outflow concerns.

The upcoming earnings report could be the catalyst for a breakout. Positive results and optimistic outlooks could propel the price above $265, potentially triggering a rise towards $300 in the short term.

 

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