Tesla Inc. is scheduled to report earnings on Wednesday after the bell, with Wall Street worried it will be a “difficult” quarter for the electric-vehicle maker amid ongoing supply-chain snags and pandemic-related factory shutdowns.
But some of the issues facing Tesla are already accounted for in Wall Street estimates, and investors are aware, Selesky said. He said he expects Tesla to “modestly” beat expectations thanks to reduced costs and relatively strong margins. Estimize, a crowdsourcing platform that gathers estimates from Wall Street analysts as well as buy-side analysts, fund managers, company executives, academics and others, is expecting an adjusted profit of $2.16 a share for Tesla.
What else to expect: The COVID-related shutdowns in Tesla’s Shanghai factory won’t be the only factor pressuring margins in the second quarter, Credit Suisse’s Levy said in his note.
$TSLA target price $950
Does this include the subsidies?
$TSLA is my one long-term investment I am not concerned about.
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