FMP
Jun 26, 2024 6:44 AM - Parth Sanghvi
Image credit: Austin Ramsey
Tesla (TSLA) is heading into a potentially rough earnings season, according to analysts at Wells Fargo. While the broader auto industry grapples with supply chain issues and inflation, Tesla faces unique challenges that could put it among the "worst positioned" auto stocks for Q2, the analysts warn.
Key Concerns for Tesla:
Analyst Commentary:
Wells Fargo analysts highlight Tesla, along with Autoliv (ALV) and TE Connectivity (TEL), as companies most likely to miss consensus expectations in Q2. They point to "subpar" deliveries and potential full-year guidance cuts as significant headwinds for Tesla.
Is All Doom and Gloom for Tesla?
Not necessarily. The company's ongoing innovation and brand loyalty remain strong assets. Additionally, Tesla is constantly expanding its production capacity, which could mitigate delivery concerns in the long run.
Looking Beyond Tesla?
The electric vehicle (EV) market is still in its early stages, with plenty of growth potential. Investors interested in the EV space might want to explore other players that could benefit from the industry's overall expansion, even if Tesla stumbles in Q2.
Stay Informed with FMP's M&A Data:
Mergers and acquisitions (M&A) activity can significantly impact the auto industry and related sectors like technology. Stay ahead of the curve by using Financial Modeling Prep's (FMP) M&A data and analysis: link to FMP's M&A developer documentation.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...