Tesla Inc. (NASDAQ:TSLA) Scheduled to Post Earnings on Wednesday
Tesla Inc. (NASDAQ:TSLA) is scheduled to release its earnings data after the market closes on Wednesday, August 2nd. Analysts expect Tesla to post earnings of ($1.69) per share for the quarter.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by $1.30. Tesla had a negative net margin of 8.46% and a negative return on equity of 17.13%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.56 billion. On average, analysts expect Tesla to post $-5.95 EPS for the current fiscal year and $-0.77 EPS for the next fiscal year.
Shares of Tesla Inc. (NASDAQ TSLA) opened at 339.60 on Wednesday. The company has a 50-day moving average price of $350.49 and a 200 day moving average price of $297.55. The firm’s market capitalization is $55.78 billion. Tesla Inc. has a one year low of $178.19 and a one year high of $386.99.
Several research firms recently issued reports on TSLA. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $335.62 price objective for the company in a research note on Tuesday, June 13th. Robert W. Baird reaffirmed an “outperform” rating and issued a $368.00 price objective on shares of Tesla in a research note on Tuesday, June 20th. BidaskClub lowered shares of Tesla from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) set a $180.00 price objective on shares of Tesla and gave the company a “sell” rating in a research note on Friday, June 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $305.00 price objective on shares of Tesla in a research note on Monday, June 12th. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the company. Tesla has an average rating of “Hold” and an average target price of $300.08.
In other news, Director Kimbal Musk sold 2,500 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $315.67, for a total transaction of $789,175.00. Following the transaction, the director now owns 168,355 shares in the company, valued at approximately $53,144,622.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey B. Straubel sold 109,100 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $307.81, for a total transaction of $33,582,071.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 242,290 shares of company stock worth $74,919,505. Insiders own 23.10% of the company’s stock.
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Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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