Autonomy takes center stage in Tesla’s quarterly report
Tesla (TSLA) reports fiscal Q2 results on Wednesday, July 22, with a conference call at 5:30 p.m. EDT. Here's what could move the stock: OUTLOOK: Tesla is expected to report second quarter earnings per share of 54c and revenue of $26.36B. DELIVERIES: The company posted second quarter production of 451,758 vehicles and deliveries of 480,126, which beat consensus expectations. STOCK ACTION: Shares are down over 6% in the past month and recently traded around $377. WHAT TO WATCH: Ahead of earnings, several Wall Street firms raised price targets. Morgan Stanley, which keeps an Equal Weight rating, lifted its target to $417 from $415, citing strong auto and energy deliveries that set Tesla up for "a solid quarter." Still, the firm says Robotaxi and Optimus remain the real stock drivers, and while it expects constructive updates, it does not see enough to spark "a decisive re‑rating." Jefferies also stayed on the sidelines, boosting its target to $400 from $375. The firm says volume strength in China and Europe reinforces Tesla's "unique value proposition" and helps mitigate long‑term commoditization risk. Jefferies expects under‑production to support Q2 cash flow and notes that low.
Tesla (TSLA) reports fiscal Q2 results on Wednesday, July 22, with a conference call at 5:30 p.m.
EDT.
Here's what could move the stock: OUTLOOK: Tesla is expected to report second quarter earnings per share of 54c and revenue of $26.36B.
DELIVERIES: The company posted second quarter production of 451,758 vehicles and deliveries of 480,126, which beat consensus expectations.
STOCK ACTION: Shares are down over 6% in the past month and recently traded around $377.
WHAT TO WATCH: Ahead of earnings, several Wall Street firms raised price targets.
Morgan Stanley, which keeps an Equal Weight rating, lifted its target to $417 from $415, citing strong auto and energy deliveries that set Tesla up for "a solid quarter." Still, the firm says Robotaxi and Optimus remain the real stock drivers, and while it expects constructive updates, it does not see enough to spark "a decisive re‑rating." Jefferies also stayed on the sidelines, boosting its target to $400 from $375.
The firm says volume strength in China and Europe reinforces Tesla's "unique value proposition" and helps mitigate long‑term commoditization risk.
Jefferies expects under‑production to support Q2 cash flow and notes that low.