Tesla's automotive gross margin specifically will likely determine how Tesla's stock perform following its earnings report, Citi says.
The electric car maker's automotive gross margin specifically will likely determine how Tesla's stock finishes the week and remains central to the company's future financial health, analyst Itay Michaeli told clients in a note. Tesla will report second-quarter earnings after the bell on Wednesday and could offer stakeholders an update on its 2019 delivery target.
In a worst case scenario, I have Tesla at reporting a -$80 million loss, but in a best case, a $289 million gain:
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