Tesla Just Took a Step Closer to Regaining Its Trillion-Dollar Crown
Second-quarter earnings season is officially here. One of the first big tech companies to report was electric vehicle (EV) maker (NASDAQ: TSLA). The company disclosed its second-quarter vehicle production and delivery numbers a couple of weeks before earnings, crushing Wall Street expectations.
It didn't take long for investors to start cheering and buying up the stock. On the one hand, the company's encouraging production figures could signal strong consumer demand, an otherwise healthy signal in a rising interest rate environment. On the other hand, higher-than-expected deliveries could very well be the result of Tesla's aggressive price cuts. Should this be the case, investors need to be careful and not become enamored with strong top-line results. Price cuts will directly impact Tesla's margins and cash flow.
In this article I will break down the company's Q2 earnings report, highlighting the good and the not so good. Let's dig in and assess if now is a buying opportunity for Tesla stock.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 76 Buy predictions and 27 Sell predictions.
With a target price of 247 € there is a positive potential of 27.5% for Tesla Inc compared to the current price of 193.72 €.
