Tesla reports earnings after the bell. Here's what Wall Street has to say

Investors will be keeping a close eye on Tesla 's second-quarter results due postmarket Tuesday amid an intensely competitive electric vehicle market. Analysts expect Tesla to post 62 cents in earnings per share on $24.77 billion in revenue. Although the revenue estimate is slightly higher than the $21.30 billion Tesla posted in the first quarter, the earnings forecast is 30% below the previous year.

mountain Tesla shares in 2024 With the delay of the Robotaxi, the upcoming earnings are a "significantly more actionable near-term catalyst," Guggenheim analyst Ronald Jewsikow wrote in a note earlier this month. Guggenheim rates Tesla a sell with a 12-month price target of $134, implying the shares will plunge more than 46% from Monday's close.

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Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zoomsAsian shares are trading mostly higher after Tesla zoomed upward, helping drive the U.S. stock market to more records. Benchmarks rose Wednesday in Tokyo, Seoul, Sydney and Hong Kong, but fell in Shanghai. Asian investors were cheered by hopes for an interest rate cut in the U.S.
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Stock market today: Wall Street hits more records as Tesla zoomsA big gain for Tesla helped drive Wall Street to more records.
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