Canaccord Genuity Reiterates Buy Rating on Tesla (TSLA)

Argus Reiterates Buy Rating on Tesla (TSLA), PT $286

Argus analyst Bill Selesky reiterated a Buy rating and $286.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Our rating on Tesla Inc. (NGS: TSLA) is BUY. Tesla is the largest EV (electric vehicle) seller in the world today and holds a significant portion of the EV market share in the United States, with about 51% of the market as of the end of 2023. Ford Motor and General Motors are also key players in this market, with Ford having a... More

Morgan Stanley Positive on Tesla (TSLA): 'AI infrastructure assets (reported in the Q) are booming'

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Some changes in the business mix that may be getting overlooked. Mostly recurring 'Services & Other' revenue reached 10% of total Tesla sales as the car parc approaches 7mm units. China revenues fell to the lowest in years at 18.2% of sales. AI infrastructure assets (reported in the... More

Piper Sandler Comments on Tesla (TSLA) 10Q: 'We're not sure why, but warranty expense totaled 4.1% of revenue in 2Q24'

Piper 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

Tesla margins a drag but future story is China demand, robotaxi and AI: Wedbush

Wedbush analysts emphasize that despite recent margin pressures, Tesla's (NASDAQ: TSLA) future hinges on strong demand in China and the impending rollout of autonomous and AI technologies.

The firm explained that Tesla's mixed results show auto gross margins (excluding credits) missing Street expectations by 200 basis points, primarily due to continued price cuts and average selling price (ASP) pressures.

However, they see positive signs in electric vehicle (EV) demand... More

New Street Research Downgrades Tesla (TSLA) to Neutral, PT $225, 'We see limited (and unreliable) valuation upside'

New Street Research analyst Pierre Ferragu downgraded Tesla (NASDAQ: TSLA) from Buy to Neutral with a price target of $225.00.

The analyst comments "Deliveries recovered at a cost, increasing by 15% QoQ, but with gross margins, ex. credits & leasing, down 1.7pts. Volume increase and cost reductions offset... More

Tesla (TSLA) PT Raised to $300 at Piper Sandler

Piper Sandler analyst Alexander Potter raised the price target on Tesla (NASDAQ: TSLA) to $300.00 (from $205.00) while maintaining a Overweight rating.

The analyst commented, "If there's one message investors should take away from the Q2 earnings call, it's this: sequential fluctuations in automotive... More

UBS sees 20% downside risk in Tesla stock as a lot of AI optionality is priced in

UBS analysts reiterated their Sell rating on TSLA, citing significant downside risk due to overvaluation and challenges in the automotive business.

They believe Tesla (NASDAQ: TSLA)'s stock, currently trading at over 100 times its run-rate EPS of approximately $2.25, has a lot of AI optionality priced in, leading to an inflated valuation.

"TSLA 2Q24 results showed the stress on the automotive business, just to keep vehicle... More

JPMorgan Reiterates Underweight Rating on Tesla (TSLA)

JPMorgan 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

Roth/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

Cantor Fitzgerald Downgrades Tesla (TSLA) to Neutral 'on Near-Term Valuation'

(Updated - July 24, 2024 6:57 AM EDT)

Cantor Fitzgerald analyst Andres Sheppard downgraded Tesla (NASDAQ: TSLA) from Buy to Neutral with a price target of $245.00 (from $230.00).

The analyst comments "Our Thoughts: We continue to believe Tesla benefits from future upside from its Full Self-Driving (FSD) software (plus upcoming RoboTaxi segment), the introduction of lower-priced models, a global manufacturing footprint with economies-of-scale, and the industry's largest Charging Infrastructure. We also believe TSLA will benefit from an... More

5 Wall Street analysts discuss Tesla stock after soft results

Tesla (NASDAQ: TSLA) stock fell more than 7% in premarket trading Wednesday after its Q2 report revealed mixed results, with earnings falling short of expectations amid weaker margins and declining EV sales.

For the quarter, Tesla posted adjusted earnings per share (EPS) of $0.52 on revenue of $25.5 billion, missing Wall Street's estimates of $0.61 per share but surpassing the expected revenue of $24.33 billion.

The bottom line was impacted by a decrease in automotive sales to $18.53 billion from $20.42 billion a year ago, alongside lower-than-expected margins due to EV price cuts, restructuring charges, and AI... More

Tesla's bleak margins sink shares as Musk hypes everything but cars

By Deborah Mary Sophia and Noel Randewich

(Reuters) -Tesla shares tumbled 12% on Wednesday, evaporating almost $100 billion in stock market value after CEO Elon Musk's talk of humanoid robots and driverless taxis failed to comfort investors worried about the electric car maker's shrinking profit margins.

Tesla posted its lowest quarterly profit margin in five years late on Tuesday, with earnings per share missing estimates for the fourth consecutive quarter.

It was the biggest one-day percentage drop in Tesla's stock since 2020, and it left Tesla's market capitalization at just under $700 billion, down from over $1 trillion in 2021.

Jefferies Reiterates Hold Rating on Tesla (TSLA)

Jefferies analyst Philippe Houchois reiterated a Hold rating and $165.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Q2 results mostly confirmed the growing importance of storage (16% of gross profit) and a return to +ve FCF ($1.3bn) on modest WC reversal and... More

Baird Reiterates Outperform Rating on Tesla (TSLA)

Baird 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)

Stifel 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)

UBS 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

Wells Fargo Reiterates Underweight Rating on Tesla (TSLA), PT $120

Wells Fargo analyst Colin Langan reiterated an Underweight rating and $120.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "How do we expect the stock to trade? We expect the stock to trade down. TSLA's Q2 earnings result was low quality;... More

Elon Musk asks if Tesla should invest $5 bln in xAI

Investing.com-- Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Tuesday asked his followers on social media platform X whether the electric vehicle maker should invest $5 billion in his artificial intelligence startup xAI. 

Board approval&shareholder vote are needed, so this is just to test the waters, Musk said... More

Alphabet/Tesla, Harris leads a poll, European earnings - what's moving markets

Investing.com -- Wall Street looks set to open on a negative note Wednesday, with second-quarter results from tech giants Alphabet (NASDAQ: GOOGL) and Tesla underwhelming. The U.S. political situation remains volatile, while the Eurpean earnings season hits top gear  

Alphabet (NASDAQ: GOOG) and Tesla (NASDAQ: TSLA) have started the ball rolling, in terms of the market-leading mega caps reporting, and investors were left... More

Tesla (TSLA) PT Lowered to $230 at Goldman Sachs

Goldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $230.00 (from $248.00) while maintaining a Neutral rating.... More

Tesla (TSLA) PT Lowered to $258 at Citi

Citi analyst Itay Michaeli lowered the price target on Tesla (NASDAQ: TSLA) to $258.00 (from $274.00) while maintaining a Neutral rating.... More

Tesla (TSLA) PT Raised to $215 at Truist Securities

Truist Securities analyst William Stein raised the price target on Tesla (NASDAQ: TSLA) to $215.00 (from $162.00) while maintaining a Hold rating.... More

Active options: NVDA TSLA AMZN AAPL CRWD AMD GOOGL

Active options: NVDA TSLA AMZN AAPL CRWD AMD GOOGL

Musk launches poll asking if Tesla should invest $5 billion in xAI, early votes in favour

By Hyunjoo Jin and Shivani Tanna

SAN FRANCISCO (Reuters) - Tesla CEO Elon Musk has launched a poll asking users on social media platform X whether the electric carmaker should invest $5 billion in his artificial intelligence startup xAI - with early votes showing most in favour of the move.

"Board approval & shareholder vote are needed, so this is just to test the waters," Musk said of the poll which came on the heels of Tesla posting its lowest profit margin in five years on price cuts and... More

After-hours movers: Alphabet, Tesla, Texas Instruments, Seagate and more

After-Hours Stock Movers:

Tesla (NASDAQ: TSLA) fell 2% after it reported mixed results for the second quarter, with EPS missing consensus despite a revenue beat. After a sequential decline in production in Q2, the company expects a sequential... More

Tesla Q2 earnings miss as deliveries slip

Investing.com -- Tesla reported Tuesday mixed second-quarter results as earnings fell short of estimates and the electric vehicle maker said it remained on track to start production of new and affordable vehicles in the first half of 2025.

Tesla Inc (NASDAQ: TSLA)... More

Tesla profit margins worst in five years as price cuts, incentives weigh

By Hyunjoo Jin, Akash Sriram

(Reuters) -Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while it increased spending on AI projects.     

The company said it was on track to produce new vehicles, including more affordable models, in the first half of 2025, although the models will result in achieving less cost reduction than previously expected. Shares fell 8% in after-hours trade.    

"Perhaps more than ever in the company's recent history, Tesla's investors need results;... More

Tesla (TSLA) Misses Q2 EPS by 9c

Tesla (NASDAQ: TSLA) reported Q2 EPS of $0.52, $0.09 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $25.5 billion versus the consensus estimate of $24.33 billion.

For earnings history and earnings-related data on Tesla (TSLA) click here.

Active options: NVDA TSLA AMZN AAPL CRWD AMD GOOGL MARA PLTR UPS

Active options: NVDA TSLA AMZN AAPL CRWD AMD GOOGL MARA PLTR UPS

Tesla shares could swing 10% either way after earnings, options show

By Saqib Iqbal Ahmed

NEW YORK (Reuters) - Traders in the options market expect Tesla shares to swing by nearly 10% in either direction by Friday, options data showed.

That is roughly in line with the stock's average move of about 10.1% after the company's last eight quarterly earnings reports, according to Trade Alert data.

With Tesla market cap at around $800 billion, such a move would make for a swing in the value of... More

Tesla (TSLA) call put ratio 1.9 calls to 1 put into quarter results

Tesla (NASDAQ: TSLA) July 26 weekly call option implied volatility is at 131, August is at 67; compared to its 52-week range of 40 to 72 into the expected release of quarter results today after the bell.

Tesla (TSLA) July weekly 250 straddle into quarter results

Tesla (NASDAQ: TSLA) July weekly 250 straddle priced for a move of 9.5% into the expected release of quarter results after the bell on July 23.

Active options: NVDA TSLA AAPL CRWD AMZN AMD PLTR

Active options: NVDA TSLA AAPL CRWD AMZN AMD PLTR

Harris support, Tesla earnings, Wiz's deal - what's moving markets

Investing.com -- Corporate earnings will be in the spotlight Tuesday, especially from tech giants Tesla and Alphabet, while Wiz has reportedly turned down a deal with Google. Vice President Kamala Harris looks set for a run at the presidency. 

Vice President Kamala Harris appears to be in prime position to receive the Democratic Partys nomination to run against Republican candidate Donald Trump in Novembers presidential election.

An AP survey indicated that... More

Tesla (TSLA) call put ratio 1.9 calls to 1 put into quarter results

Tesla (NASDAQ: TSLA) July 26 weekly call option implied volatility is at 106, August is at 64; compared to its 52-week range of 40 to 72 into the expected release of quarter results after the bell on July 23.

Dow Jones, Nasdaq, S&P 500 weekly preview: Spotlight on GDP, PCE data and earnings

U.S. stocks ended Friday trading in the red as Wall Street concluded a week characterized by a shift from this years megacap winners to smaller names.

The S&P 500 fell by 0.71%, closing at 5,505.00. The Nasdaq Composite dropped 0.81%, ending at 17,726.94. The Dow Jones Industrial Average decreased by 377.49 points, or 0.93%, to 40,287.53.

Fridays declines were widespread, with the Russell 2000 also down by 0.63%. Despite this, the focus on stocks expected to benefit more from potential Federal Reserve interest rate cuts, such as small caps, remained prominent throughout the week.

The S&P 500 and Nasdaq experienced... More

Musk says Tesla will have humanoid robots for internal use in 2025

Electric 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

Midday movers: Nvidia, Tesla rise; Verizon, CrowdStrike fall

(Updated - July 22, 2024 11:55 AM EDT)

Investing.com -- U.S. stock futures climbed higher Monday, rebounding after the previous weeks sharp losses and as President Joe Biden ended his bid to be re-elected.

Here are some of the biggest U.S. stock movers today:

Nvidia (NASDAQ: NVDA) stock rose 2% after Reuters reported that the chipmaker is developing a version of its flagship artificial intelligence chips for Chinese markets that will fall in line with U.S. export... More

RBC Capital Previews Tesla (TSLA) Earnings: 'Q2 print will likely be a tough call for investors given all the moving parts'

RBC 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

Tesla margins likely dipped in Q2; robotaxi, AI ventures in focus

By Akash Sriram

(Reuters) - Tesla's second-quarter margin hit a more than five-year low, the electric vehicle maker is likely to report on Tuesday, and its CEO Elon Musk is expected to double down on the company's robotaxi plans and AI products.

Discounts to clear inventory, price cuts and incentives such as cheaper financing options offered to boost EV sales have squeezed Tesla's margin over the past two years, while sales dropped as customers grew tired of its old model lineup.

The company is laying off 10% of its global workforce, a memo revealed in April.

Biden/Harris, Nvidia's chips, Chinese rate cut - what's moving markets

Investing.com -- The volatile U.S. political situation took another turn, with President Joe Biden dropping out of race for re-election. China has attempted to boost its struggling economy but cutting interest rates, while Nvidia is developing an AI chip for the Chinese market. 

President Joe Biden on Sunday bowed to what seemed inevitable, and dropped out of the race for re-election amid concerns about his age and health.

Biden backed his Vice... More

Tesla to have humanoid robots for internal use next year, Musk says

(Reuters) -Tesla will have humanoid robots in "low production" for the company's internal use next year, CEO Elon Musk said on Monday, months after he announced a rollout by the end of 2024.

The automaker will have the robots "hopefully" in high production for other companies in 2026, Musk said in a post on social media platform X.

Musk had said in April that the Tesla robot, called Optimus, would be able to perform tasks in factory... More