Ahead Of Earnings, Analysts Are Divided On Tesla

Tesla Motors Inc (NASDAQ: TSLA) is due to report its second quarter earnings July 24 after the closing bell. Though shares of the controversial automaker are down 16.5% year-to-date, the stock has rallied hard off its $176.99 low from June 3.

If you’re one of the few people on the fence about Tesla and are looking for clarity from sell-side analysts, look elsewhere.

Of the 32 analysts who cover Tesla, six have a Strong Buy, six have a Buy, seven have a Hold, 10 have an Underperform, and three have a Sell. Not exactly a clear sentiment.
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The average price target of those analysts—the predicted price of the stock in the next 12 months—is $277.50, but the sheer range of these estimates show just how divided Wall Street analysts are. Berenberg’s Alexander Haissl has the Street-high price target among analysts of $500, with Gordon Johnson of Vertical Research coming in at $54.

Expectations For Tesla Earnings

Analysts are expecting Tesla to report a loss of $0.48 per share on $6.43 billion in revenue in the prior quarter. Options traders are currently pricing in an expected 8.53%  move over the next week.

The company had previously said it delivered about 95,200 vehicles in the second quarter, falling in-line with its previously given guidance of 90-100K deliveries. The data point was seen as hugely promising for investors, as it suggested the company was figuring out how to scale its production to meet demand.
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