Alphabet, Wall Street and Tesla
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Wall Street looks bearish on Tesla at first glance. And it is -- at least on average. But plenty of analysts and everyday investors remain extremely bullish.
The stock market opened mixed on Thursday, as investors digested multiple earnings reports, including Alphabet and Tesla earnings, and yields were higher after the initial jobless claims data came in hot.
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Tesla had previously reported deliveries of more than 384,000 vehicles in the quarter—a drop of more than 13% from the previous year—with production holding steady at just over 410,000 vehicles. This marks the second quarter in a row of reduced year-over-year deliveries.
Tesla investors are always thinking about the future and CEO Elon Musk. Quarterly numbers still matter, and beating Wall Street expectations is always a good thing. Tesla will report second-quarter earnings after Wednesday’s market close.
It's sort of like a rock sitting on the edge of a cliff. If you can put enough sort of oomph into it, you can get it over the cliff, then gravity does the rest. The metaphor kind of breaks down because the stock's moving up, so the gravity seems to be pointing the other direction.
Investors expect Tesla Inc. to report third-quarter deliveries, its proxy for sales, this week, and Wall Street analysts have raised their expectations in recent days. Tesla TSLA has long made a ...
There isn’t much of a consensus among Wall Street analysts heading into Tesla’s second-quarter earnings report. Long-time investors of Tesla know that isn’t a surprise: Tesla is always a controversial stock.
Tesla points out early progress on robotaxis and bots, as revenue from electric vehicles plummets.