Some Wall Street Takes On Tesla's Q1 2023 Earnings - CleanTechnica

📆 5/3/2023 11:35 PM
📰 cleantechnica

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Some Wall Street Takes 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.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

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

What Was Wall Street's Take On Tesla's Q1 2023 Earnings?Despite Tesla's recent successes, its share price is down. Wall Street was hot and cold about the EV maker's recent earnings. Let's take a look.
Source: InsideEVs - 🏆 579. / 51 Read more »