Tesla Earnings Preview: What to Watch For
From Nasdaq:
Tesla (TSLA) is in the spotlight as the leading EV maker is expected to report fourth-quarter earnings. Investors should prepare for a potential +/- 6.8% stock price change after Tesla’s earnings release. Analysts expect an EPS of $0.74 (-37.82%) versus the prior year’s same quarter, with recent heavy pricing pressure and updates on the Cybertruck delivery in focus.
Investors continue to watch the Williams R indicator for TSLA to see if the stock is in an oversold zone and if it’s a buying opportunity. The company’s CEO, Elon Musk, tweeted concerns about AI expansion and his voting share in the company. Analysts are also interested to see if Tesla’s solar business will show signs of improvement as interest rates rise and the Chinese economy struggles.
Tesla has been in the spotlight after price drops and are hoping for updates on Cybertruck deliveries and the state of the Chinese market. CEO Elon Musk’s recent tweet about his voting share raises questions, as does the performance of Tesla’s solar business. These updates are key for investors as they wait for Tesla’s fourth-quarter earnings report.
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