Nasdaq TSLA Tesla

Leading electric vehicle (EV) maker Tesla ( NASDAQ:TSLA ) is scheduled to announce its first-quarter earnings after the stock market closes on April 19. The company failed to impress investors with its Q1 deliveries of 422,875 vehicles, which marked a 36% year-over-year growth but was lower than the 440,808 vehicles produced in the quarter. This raised concerns about continued inventory build-up. Moreover, investors are keen to know about the impact of Tesla’s multiple price cuts on Q1 margins. Tesla’s Q1 Margins in Focus Tesla’s CEO Elon Musk triggered a price war in the EV space through multiple price cuts in the U.S., Europe, China, and other regions. Recently, Tesla slashed prices in Europe, Singapore, and Israel. This month, the company announced another round of price cuts in the U.S.    The company is trying to spur demand amid macro pressures and growing competition. Analysts have mixed opinions about the impact of price cuts on Tesla’s margins. Last week, Baird analyst Ben Kallo reiterated a Buy rating on Tesla with a price target of $252 in reaction to the company’s latest price cuts in the U.S. Kallo continues to believe in the company’s ability to deliver industry-leading operating margins. He feels that Tesla is in the best position to weather economic headwinds. In contrast, another analyst, Wells Fargo's Colin Langan, reaffirmed a Hold rating last week. He gave a price target of $190 in reaction to the company’s most recent U.S. price cuts. Langan expects Tesla’s Q1 auto gross margins to miss the greater than 20% target. The analyst expects Q1 EPS of $0.69, which he pointed out was below the consensus estimate of $0.86. The analyst noted that while price cuts boosted Q1 deliveries, the company will need higher deliveries to achieve its full-year target of two million vehicles. “This implies a risk of more price cuts, without at least a major refresh,” said Langan. Overall, Wall Street’s consensus Q1 EPS estimate of $0.86 reflects a year-over-year decline of nearly 20%. Meanwhile, the company’s revenue is expected to increase by over 26% to $23.73 billion. Further, TipRanks’ Website Traffic Tool indicates that visits to tesla.com grew 23.4% year-over-year in Q1 2023. The year-over-year growth rate in website visits bodes well for Q1 revenue. Is Tesla a Buy, Sell, or Hold? Wall Street is cautiously optimistic about Tesla, with a Moderate Buy consensus rating based on 19 Buys, 10 Holds, and three Sells. The average TSLA stock price target of $219.57 suggests nearly 19% upside potential.    Conclusion Earlier this year, Tesla impressed investors with its market-beating Q4 2022 results. The focus this time would be on the company’s first-quarter margins following price cuts in key markets. Investors will also pay attention to management’s comments on demand in a tough macro backdrop and any updates on new models. Disclosure

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Asian stocks traded cautiously on Monday as U.S. earnings season gets into full swing this week, while a raft of Chinese data will offer insight into how the world's second-largest economy is recovering.

Workers from Tesla's Shanghai factory are taking to social media to appeal to Elon Musk and the Chinese public after being informed over the weekend about plans to cut their performance bonuses, according to online posts and workers.

Asian stocks traded cautiously on Monday as U.S. earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world's second-largest economy is recovering.

Workers from Tesla's Shanghai factory are taking to social media to appeal to Elon Musk and the Chinese public after being informed over the weekend about planned cuts to their performance bonuses, according to online posts and workers.

Workers from Tesla's Shanghai factory are taking to social media to appeal to Elon Musk and the Chinese public after being informed over the weekend about planned cuts to their performance bonuses, according to online posts and workers.

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In this week's video, I cover everything you need to know about news related to Tesla (NASDAQ: TSLA) during the week of April 10. Today's video will focus on Tesla's continued price cuts in Europe, why it might be time to do something it has never done before, a potential new Mod