Wednesday afternoon's report — when analysts polled by Bloomberg expect the company's bottom line to pivot back to losses — could prove vindication for the gambling investors who've helped the stock gain more than 200% in the last three months, handily outpacing the broader market. Tesla has added over $200 billion to its market value since March.
"This quarter is another step forward in the Tesla story as Musk & Co. must deliver to match euphoric Street expectations baked into the stock," Dan Ives, an analyst at Wedbush with one of the Street's most bullish price targets of $1,250, said in a note to clients. Tesla's stock tear, fueled in part by speculation it could be added to the benchmark S&P 500 index and the June deliveries beat, has propelled CEO Elon Musk's wealth to record highs,while also helping the billionaire unlock the first tranches of his massive, $55 billion billion pay package.
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Not true. Stocks don’t react long term to short term swings in free cash flow growth.
Elon most likely has something up his sleeve.
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