Tesla Earnings Report Already Looking Grim
Tesla may have a rough earnings report, if the current stock price is any indication, but all is not gloomy for the company.
Once the stock market closes for Wednesday, Tesla (TLSA) will be announcing their quarterly earnings. The stock has already dropped as investors’ fears mount.
The TLSA price is down by 2.60%, which brings the stock price to $212 per share. The good news is that the current price is one of the higher price points for the year, despite several days of declining stock value.
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The expectation for the third quarterly report for the fiscal year is that Tesla will show revenue of $25.37 billion and earnings per share of 58 cents. These figures are lower than Tesla would like at this point in the year, but after months of layoffs, canceled releases, declining sales, and bad publicity, the company is struggling to keep its stock price high and assure investors that things are under control.
If this year’s stock performance is anything to go by, the recent downturn for Tesla stock could be about to change. We expect that the earnings report will impact the stock price negatively, even further than it already has, but that the price will start moving higher in the next few weeks. Tesla stock may be nearing its low point for this trend right now, and investors need to pay attention.
Positive Factors for Tesla Stock
Tesla deliveries are up by 6% compared to this time last year. That is the closest item of data we have to determine sales for the company, but it should be noted that analyst expectations for the company were higher than the actual numbers that have come in.
The company has been pushing sales and incentives, which are helping to bring more customers in and increase market penetration. The move is putting pressure on profit margins but could help the company recoup some of its losses over the next few years.
If Donald Trump is elected US President, that could help Tesla stock considerably. Tesla CEO Elon Musk has put millions of dollars into Trump’s campaign, and he seems to believe that having Trump as President will be good for business.
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