Tesla margins likely dipped in Q2; robotaxi, AI ventures in focus
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Piper Sandler Comments on Tesla (TSLA) 10Q: 'We're not sure why, but warranty expense totaled 4.1% of revenue in 2Q24'
July 24, 2024 1:17 PM EDTPiper Sandler analyst Alexander Potter reiterated an Overweight rating and $300.00 price target on Tesla (NASDAQ: TSLA)
The analyst comments "TSLA published its 10Q earlier than expected and, as a result, we had the opportunity to dig deeper on automotive gross margin,... More
Canaccord Genuity Reiterates Buy Rating on Tesla (TSLA)
July 24, 2024 7:40 AM EDTCanaccord Genuity analyst George Gianarikas reiterated a Buy rating and $254.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Teslas 2Q24 earnings results were mostly uneventful after the delivery announcement earlier this month. Yes, auto gross margins were weaker than expected but were likely impacted by $622M in restructuring costs. We were also looking for meaningful metrics and color around FSD take rates after recent price... More
JPMorgan Reiterates Underweight Rating on Tesla (TSLA)
July 24, 2024 7:01 AM EDTJPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $115.00 price target on Tesla (NASDAQ: TSLA)
The analyst comments "2Q automotive adjusted gross margin and free cash flow also tracked softer, implying negative earnings revision risk. Also pointing to the trend in softer underlying results indicating the risk of... More
Roth/MKM Reiterates Neutral Rating on Tesla (TSLA), PT $85, 'CyberCab Outlook for a Steering Wheel is Bearish for the Stock
July 24, 2024 6:56 AM EDTRoth/MKM analyst Craig Irwin reiterated a Neutral rating and $85.00 price target on Tesla (NASDAQ: TSLA)
The analyst comments "Tesla's missed adj-EPS consensus by ($0.10) and adj-auto gross margins by (200 bps). This likely refocuses investors on sustained headwinds from vehicle discounting necessary to drive... More
Baird Reiterates Outperform Rating on Tesla (TSLA)
July 24, 2024 5:20 AM EDTBaird analyst Ben Kallo reiterated an Outperform rating and $260.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Reiterate Outperform rating. Short-term weakness in auto margins (ex-credits) and bottom-line miss (due largely to higher opex and restructuring) will weigh on the... More
Stifel Reiterates Buy Rating on Tesla (TSLA)
July 24, 2024 5:19 AM EDTStifel analyst Stephen Gengaro reiterated a Buy rating and $265.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "TSLA's 2Q24 release is a mixed bag and could weigh on the shares following the recent strength. Bears will likely focus on: 1) Auto... More
UBS Reiterates Sell Rating on Tesla (TSLA)
July 24, 2024 5:18 AM EDTUBS analyst Joseph Spak reiterated a Sell rating and $197.00 price target on Tesla (NASDAQ: TSLA)
The analyst comments "TSLA is being priced on future optionality TSLA is not being priced on auto (or arguably even Energy) but autonomy and AI. TSLA is working on AI initiatives such as robo-taxi and Optimus humanoid robots.... More
Musk says Tesla will have humanoid robots for internal use in 2025
July 22, 2024 7:58 AM EDTElectric vehicle giant Tesla (NASDAQ: TSLA) plans to introduce humanoid robots in "low production" for internal use by next year, CEO Elon Musk said on Monday.
Musk indicated that the robots, known as Optimus, would "hopefully" enter high production for external... More
RBC Capital Previews Tesla (TSLA) Earnings: 'Q2 print will likely be a tough call for investors given all the moving parts'
July 22, 2024 7:28 AM EDTRBC Capital analyst Tom Narayan reiterated an Outperform rating and $227.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Tesla's Q2 print will likely be a tough call for investors given all the moving parts. Clearly, many want to own the... More
