Tesla Q2 2023 Earnings Preview - Positive Signals revealed
The article highlighted several positive signals prior to the coming Q2 earnings report (schedule on 19 July 2023). Zacks Research raise Tesla's EPS estimate. It also revealed that the recent selling of Tesla's share by SVP Andrew D. Baglino and CFO Zachary Kirkhorn are only a small percentage of what they are still holding - hardly any impact on the share price.
Tesla has the largest BEV (Battery Electric Vehicle or Pure EV) Q2 2023 Sales in the world hits record 466,140 units and continue to beat BYD.
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EPS Estimate Up
Investment analysts at Zacks Research upped their Q2 2023 EPS estimates for Tesla... now forecasts that the electric vehicle producer will post earnings per share of $0.62 for the quarter, up from their prior forecast of $0.61. Zacks Research also issued estimates for Tesla's FY2023 earnings at $2.70 EPS.
Institution buying of Tesla's share
Several large investors have recently bought and sold shares of the company. Lakewood Asset Management LLC bought a new stake in Tesla during the fourth quarter valued at $25,000. JDM Financial Group LLC bought a new stake in shares of Tesla during the 4th quarter valued at about $27,000. Alpha Paradigm Partners LLC purchased a new position in shares of Tesla during the third quarter worth about $27,000. GW&K Investment Management LLC bought a new position in shares of Tesla in the first quarter worth approximately $30,000. Finally, MayTech Global Investments LLC purchased a new stake in Tesla in the fourth quarter valued at approximately $30,000. 43.51% of the stock is owned by institutional investors.
Analysts upgrade Tesla's Rating
Bank of America increased their target price on Tesla from $225.00 to $300.00 in a report on Thursday. Royal Bank of Canada boosted their price target on shares of Tesla from $212.00 to $305.00 in a research note on Thursday, June 15th... Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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ZnWCOP : If someone post Tesla's share price about to see 'crash' or 'big fall' without giving any data, take those comments with a pinch of salt. Most likely they shorted the share or sold call options.