What Was Wall Street's Take On Tesla's Q1 2023 Earnings?

Some analysts were disappointed with Tesla’s gross profit margins, which landed beneath Wall Street expectations of 21 percent at just 19 percent.

“We’ve taken a view that pushing for higher volumes and a larger fleet is the right choice here versus a lower volume and higher margin,” Musk said. “However, we expect our vehicles, over time, will be able to generate significant profit through autonomy.” Baird analyst Ben Kallow retained a $252 price target and a Buy rating on Tesla following the call, emphasizing positive hopes for the company in both the near and long terms.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street Week Ahead: Recession worries simmer beneath US stock market rally By Reuters*WALL ST. WEEK AHEAD: RECESSION WORRIES SIMMER AHEAD OF FED RATE HIKE, U.S. JOBS REPORT AND APPLE EARNINGS $DIA $SPY $QQQ 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »

Wall Street wants clarity from Fed meeting and jobs data | CNN BusinessAfter a jam-packed week of earnings, bank drama and mixed inflation data, Wall Street doesn’t have time for a breather just yet.
Source: CNN - 🏆 4. / 95 Read more »

KBR first-quarter earnings beat Wall Street expectationsThe Houston-based company said it had profit of 56 cents per share.
Source: HoustonChron - 🏆 609. / 51 Read more »