Tesla ($TSLA) is expected to report adjusted earnings of $1.86 a share in the second quarter, which would compare with adjusted earnings of $1.45 a share in the second quarter of 2021, according to analysts polled by FactSet.
Tesla Inc. is scheduled to report earnings on Wednesday after the bell, with Wall Street worried it will be a “difficult” quarter for the electric-vehicle maker amid ongoing supply-chain snags and pandemic-related factory shutdowns.
But some of the issues facing Tesla are already accounted for in Wall Street estimates, and investors are aware, Selesky said. He said he expects Tesla to “modestly” beat expectations thanks to reduced costs and relatively strong margins. Estimize, a crowdsourcing platform that gathers estimates from Wall Street analysts as well as buy-side analysts, fund managers, company executives, academics and others, is expecting an adjusted profit of $2.16 a share for Tesla.
What else to expect: The COVID-related shutdowns in Tesla’s Shanghai factory won’t be the only factor pressuring margins in the second quarter, Credit Suisse’s Levy said in his note.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
10 Wall Street bankers set to benefit from private-equity buying spreeMeet the 10 bankers — from Goldman Sachs to Citi — poised to help private-equity giants scoop up billion-dollar deals as public valuations slide
Weiterlesen »
Washington Post, Wall Street Journal Walk Back Doubts About 10-Year-Old Rape Victim's Abortion StoryThe WSJ has still not changed its headline: “An Abortion Story Too Good to Confirm.'
Weiterlesen »
About that Pink Wall we saw at the Mi Vida coming to 14th Street14th and T Street, NW Thanks to Terry for sending the update at the Mi Vida coming coming to the former Matchbox space. 'MI VIDA 14th street: Alongside Culinary
Weiterlesen »
Stock futures rise slightly as Wall Street awaits more major bank earningsInvestors are expecting bank reports Friday from Wells Fargo and Citigroup.
Weiterlesen »
Tesla AI Leader Andrej Karpathy Announces He's Leaving the CompanyBig changes are afoot within Tesla’s Autopilot unit as AI leader Andrej Karpathy announces he’s no longer working for the company.
Weiterlesen »
Tesla May Try To Sell Early Production Model Y Crossovers In GermanyAs part of the testing process prior to opening Giga Berlin, Tesla built over 2,000 Model Y SUVs. The company may now try to sell the best quality copies.
Weiterlesen »