Tesla is about to report earnings — and pessimism around the company is running high (TSLA)
Tesla
- For yet another quarter, Tesla is expected to post an enormous loss.
- The markets appear to be pricing this in, so Wall Street will be looking more closely at Tesla's revenue growth.
- Investors should also be prepared from the usual Elon Musk song-and-dance about new products and future production targets, as well as a few wildcards.
Tesla will report first-quarter earnings on Wednesday after the markets close. Analysts surveyed by Bloomberg expect a loss of $3.40 per share, on revenue of $3.32 billion.
Tesla's pattern for the past few quarters has been to meet or even beat expectations on the topline while losing more money than anticipated. The stock is trading at about $295 on Tuesday and has risen almost 20% in the past month, so the markets aren't really telegraphing any surprises. See the rest of the story at Business Insider
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