Morgan Stanley analyst Adam Jonas, a longtime Tesla bull, wrote Wednesday that the Q4 results were "mostly disappointing," but added that the report was not
Tesla stock opened up 5.5% at $410.50 before slipping. The initial rise was a surprise for two reasons. For starters, earnings were relatively weak and guidance was “vague,” according to Morgan Stanley analyst Adam Jonas.
The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.
Tesla is set to report fourth-quarter earnings after the bell Wednesday, with analysts mostly optimistic the electric vehicle maker could benefit from CEO Elon Musk's ties to President Donald Trump.
With annual deliveries dropping for the first time last year, pressure has been mounting for the EV maker to unveil lower-priced models along with autonomous vehicles and software, that CEO Elon Musk said would boost future earnings.
Tesla shares have advanced 50% in the last three months on expectations the company will benefit from the ties between CEO Elon Musk and President Donald Trump, especially where a
Tesla's earnings call is today at 5:30 pm ET. TSLA stock heads into the report down 1.4% YTD. Analysts are focused on self-driving and robotaxis.
For the quarter that ended on Dec. 31, Tesla reported adjusted earnings per share of 73 cents, up from 71 cents per share in the same quarter of the previous year, on revenue of $25.71 billion, up 2% year-over-year. Both figures fell short of the 76 cents per share and revenue of $27.23 billion expected by analysts.
Elon Musk’s backing of Donald Trump could become an extraordinary act of self-sabotage as Wall Street banks have predicted Tesla sales to rise more slowly than he expected, the Financial Times reported.
Today, Benzinga 's options scanner spotted 112 uncommon options trades for Tesla. This isn't normal. The overall sentiment of these big-money traders is split between 43% bullish and 37%, bearish. Out of all of the special options we uncovered, 37 are puts, for a total amount of $2,023,153, and 75 are calls, for a total amount of $10,431,195.
On Monday, Tesla (TSLA, Financial) shares were reiterated as "Overweight" by the investment bank Morgan Stanley Which cited the company's important role in the burgeoning field of embodied ...
On Monday, Morgan Stanley (NYSE:MS) reaffirmed its Overweight rating and $430.00 price target for Tesla stock (NASDAQ:TSLA), highlighting the company's potential in the growing field of embodied ...