Tesla Q1 earnings set to be 'a bad one': Analyst
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- Опубликовано: 27 мар 2024
- As Tesla (TSLA) prepares to release its first quarter earnings results, Wedbush Securities has lowered its price target on the stock, citing a demand slowdown and headwinds impacting the company's margins. Wedbush Securities Managing Director Dan Ives joins Yahoo Finance Live to explain why he believes the quarter will be "brutal."
Ives anticipates Tesla's first quarter performance to be "a nightmare on Elm Street," with demand slowing both domestically and internationally. Despite the disappointing expectations, "the growth story is still there," he says.
Ives highlights the ongoing price war in China's electric vehicle market and emphasizes that while Wall Street acknowledges this challenge, Tesla needs to "draw a line in the sand." He believes the company must reevaluate its China strategy to improve margins amid the rapidly evolving technology landscape in the country, stating, "It's a defining chapter in the Tesla story."
According to Ives, for Tesla to regain momentum, the company needs to implement a clear communication strategy regarding margins, outline "strategic targets" for its AI initiatives, and for Elon Musk must stop threatening to leave the company: "Tesla is Musk, and Musk is Tesla." He notes that although Tesla still holds growth potential, they must provide clarity to investors, asserting, "this is a quarter that's really gonna shake some confidence."
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#tesla #q1 #yahoofinance
Yahoo Finance is completely CLUELESS.
But you arent right?
@@brunoheggli2888 - I am more Correct than YF.
"WERE 70% OF ENGINEER ELON MUSK' AI IS, WHY NOT 24% SHARE HOLD, WITH A NEW RELEASE OF MODEL MOON CHASER FREE ENERGY." ❤🇬🇧❤
2.5 to 3 million deliveries…. 😂 Tesla couldn’t do that in 5 years, much less 1…. You’re way too bullish on public interest…they emptied the niche market and now they can’t sell to the more practical crowd. You’re definitely right that Tesla is 70% public opinion on Musk…The company is definitely not worth its evaluation… better hope the market doesn’t realize it.
This qtr hurt bad for tsla
= buy (TSLA) the dip
Sketchy means clueless. Tesla isn't having a serious problem. Tesla competition is. Let's see who folds up and closes the factory doors.
Less manufacturers mean capitalism success. Of course Biden can always lie again and tell us how brilliant the GM CEO is as the lemmings and unions due off to join fossil Dodo birds. 😅😅
Another train wreck coming.
TESLA is the ONLY OEM thats Executing.
@@markplott4820 So you reckon that there'll be a little more than complaining about the Fed on this CC?
@@rebelinthef.d.g.7245 - I see DELETION in the FED in 2025.
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Evs are expensive and a waste of money
Tesla model Y was the Best selling carmodel on planet Earth in year 2023 😂😊😊😊
BEV are Cheaper to Operate than any ICE & Hybrid car.
80% less to FIX .
@@markplott4820 more expensive then gas powered ones
@@prolifelatterdaysaint0000 - FALSE, BEV are already at price Parity with ICE & Hybrids.
Tesla model 3, is cheaper to operate than Corolla.
You aren't even allowed to comment on Yahoo news stories unless you have a submissive democrat opinion