After good financial results for the second quarter, Tesla Inc shares initially showed growth, but then fell at the end of the postmarket on Wednesday – due to recommendations made during a detailed profit presentation. Tesla securities ended the day down more than 4%, despite the fact that earnings per share amounted to $0.91, exceeding the expected $0.82, and revenue amounted to $24.93 billion, against the expected $24.47 billion. The drop in the price of Tesla shares, despite the positive results, is explained by the cautious statements of Elon Musk during a conference call. He noted that production in the third quarter may be slightly reduced due to summer shutdowns for the modernization of factories. Also of concern was a decrease in margins in the second quarter due to falling prices for cars sold and the cost of producing 4680 battery cells. The lack of clear guidance from Musk on fully autonomous driving has also reduced investor interest. Moreover, factors such as the planned costs of the Dojo supercomputer and the uncertainty about the start of Cybertrack production have added to concerns. Analysts are also cautious about Tesla shares and consider them overvalued. The average target prices of experts are $226.93, which is 22% lower than the current closing price, and the fair value is estimated at $259.47, which is 11% lower than the last closing price.
RÁPIDOS ENLACES
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Contáctenos 
