Investors are bracing for turbulence as Tesla prepares to release its earnings report. The stock has been nosediving, prompting concerns about the company’s ability to generate returns. Profit margins, delivery figures, and the recent Model 3 announcement have all come under scrutiny.
While the announcement initially bolstered the stock price, analysts are divided on the company’s trajectory. Estimates range from a $310/share high to a $22.86 low. This represents a potential double or nothing bet based on the current price of $144.92.
Tesla faces a watershed moment as more competitors enter the EV space with superior offerings. While demand for EVs may increase as ICE engines are phased out, demand for Teslas specifically is uncertain.
The upcoming earnings call will be closely watched for insights into the company’s strategy and its ability to maintain market dominance. Will Musk address investor concerns effectively, or will the stock continue its downward spiral? We’ll be covering the call live to provide updates on key statements, questions, and reactions.
