With Tesla’s stock price up by almost 20% since earnings were released on April 23, casual observers can be forgiven for assuming its operational results were good. Sales slumped by 9% year over year to $21.3 billion, while earnings per share (EPS) of 45 cents missed the analyst consensus of 51 cents. If current trends continue, its previously high-margin EV business could become commodified over the next five years amid rising competition and lower pricing power. This isn’t enough to justify the stock’s forward price-to-earnings (P/E) ratio of 57 compared to the Nasdaq Composite’s average P/E of 32. Despite such rampant growth, BYD stock trades at a reasonable 17 times forward earnings estimates, with a price to sales ratio of 0.9.
As a group, cannabis stocks peaked in late 2018, and after a brief but spirited comeback in late 2020/early 2021 did nothing but fall for more than two years. All told, marijuana stocks are down nearly 90% from their peak value. An approval could mean a windfall for Tesla as it can reap in high-margin recurring revenue by selling the FSD package. Investors who buy the stock now are betting on Elon Musk and his ability to transform the company into more than just an automaker through AI and robotics. And the controversial executive has a track record of overpromising and underdelivering.
Tesla to Launch FSD in Europe and China: What to Know
And the much-anticipated second-quarter numbers were no exception. That said, Musk also has a track record of overpromising and underdelivering. The executive has frequently pushed back his timelines for full-self-driving cars, and produced vehicles (such as the Cybertruck) with dramatically higher selling prices than expected.
And the “safest” way to do it is by buying shares in the largest cannabis retailer, Green Thumb. 120 motorcycles in stock in lakeland Like all cannabis stocks, GTBIF’s chart looks terrible, with shares down 60% from 2021’s all-time highs. But if you zoom in, shares are up 99% in the last year, and 31% in 2024 alone. From a fundamentals standpoint, sales eclipsed the billion-dollar mark in 2023, and are set to continue growing as the industry expands. Tesla investors don’t have to wait until earnings (expected to be released this month) to get updated on the company’s performance. Management typically releases production and delivery data along with other vehicle manufacturers on a quarterly basis (it used to be released monthly).
Upcoming earnings
Musk says its robotaxi will be revealed on Aug. 8, along with its next-gen vehicle platform. But this can come at the expense of revenue per car sold and margins. For Tesla, this could pose a big problem because its previously high margins are the main thing differentiating it from its uninspiring mass-market rivals. Share prices of Tesla (TSLA -8.45%) are up roughly 21% in five days since it was reported that second-quarter vehicle deliveries beat Wall Street’s expectations. However, the electric vehicle (EV) manufacturer’s longer-term downward trend remains in effect as it grapples with high interest rates, competition, and other macroeconomic factors. Tesla plans to release Full Self Driving technology, its advanced driver assistance system, in China and Europe in the first quarter of next year, pending regulatory approvals.
Watch These Tesla Price Levels as Stock Tries to Jumpstart Rally
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This comes on top of the 4.18% jump on Wednesday when the stock weathered the broader market downturn. The upside in part may have been due to the relative attractiveness of the stock from a valuation perspective. Trading on the NASDAQ, Tesla offered 13.3 million shares at a price of $17 per share. With 443,956 cars delivered in the second quarter, Tesla beat Wall Street’s consensus forecast of 439,000. But this is still down 4.8% from the prior-year period and represents the second consecutive quarter of declining deliveries after a 13% year-over-year drop in the first quarter. Tesla (TSLA) has announced plans to release its full self-driving technology in China and Europe in the first quarter of 2025.
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, sussex advice firm being wound up following svs securities british steel debacle happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. With a price-to-sales (P/S) multiple of 6.33, its stock trades at a significant premium over the typical large U.S. automaker. For context, Ford Motor Company and General Motors trade for a P/S of just 0.3 and 0.36, respectively. And if Tesla becomes just another car company, it could lose much of its $560 billion valuation. Shareholders are betting that CEO Elon Musk won’t let this happen.
Tesla shares rose 2.5% on Thursday after the electric automaker stuck to its plans to roll out the Full Self-Driving (FSD) advanced driver assistance software in China and Europe pending approval from… According to 37 analysts, the average rating for TSLA stock is “Hold.” The 12-month stock price forecast is $204.18, which is a decrease of -3.10% from the latest price. With operational results in a tailspin, Tesla’s recent stock price surge can only be explained by investor confidence in Elon Musk’s ability to navigate the storm. In the first-quarter earnings call, the controversial billionaire highlighted Tesla’s long-term strategy, which will include the accelerated rollout of more affordable options as soon as early 2025. CEO Elon Musk suggests that Tesla is not just a car company. However, automotive sales represented around 86% of its first-quarter sales.
- Tesla (TSLA) has announced plans to release its full self-driving technology in China and Europe in the first quarter of 2025.
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- Down 35% year to date, Tesla’s (TSLA -8.45%) stock has been in a tailspin as challenges like high interest rates and softening electric vehicle (EV) demand weigh on its business performance.
- Tesla said its Full Self Driving service, a paid add-on driver assistance feature, is slated for launch in Europe and China in the first quarter of 2025, “pending regulatory approval.” Tesla is yet to…
- Tesla’s EV sales in China surged in August, marking its best month of the year to date.
- With a price-to-sales (P/S) multiple of 6.33, its stock trades at a significant premium over the typical large U.S. automaker.
Tesla’s EV sales in China surged in August, marking its best month of the year to date. The boost follows a global demand slowdown and increased government rebates for EVs in China. TSLA are moderately higher in premarket trading on Tuesday even as the index futures point to a sharply lower start for the broader market. Steve Westly says Tesla (TSLA) has opened “a whole new world” with its plans to accelerate full self-driving vehicles in international markets. He and Hatem Dhiab of @Gerberkawasaki talk about the opp…
The stock is up 16% in the last two months but still 35% below its July 2022 peak (82). This is a great time to buy a stock that not only looks like the next Tesla – it essentially already is China’s Tesla. Fresh off securing an equity-based pay package worth $44.9 billion, Musk is incentivized to do everything possible to boost the stock price. He seems to be downplaying the automotive opportunity in favor of new growth drivers like robotics and artificial intelligence (AI). In the first quarter, its operating margins fell from 11.4% to 5.5%. And continued declines could turn the company into just another automaker.
After leading gains in the benchmark index on Wednesday, Tesla shares rose… Tesla (TSLA) shares a road map to bring full self-driving vehicles to international markets in 2025. Nio Inc. (NIO) showed signs of acceleration in its earnings, while C3.AI (AI) and HP Enterprise (HP… Shareholders, in the meantime, have their eye on Tesla’s Robotaxi Day, with the company set to roll out its automous ride-hailing service on October 10. With that said, Musk has rescued Tesla from the brink on several occasions, Short selling strategies so there is good reason for the market to have some faith in him.
Tesla says it will launch Full Self Driving product in Europe and China early next year
But if you don’t already own it, I think there are better prospects out there—particularly in less famous stocks.
The extent of the weakness could be revealed when the company releases its full quarterly report. And this has a lot to do with macroeconomic challenges like high interest rates, which erode demand for new vehicles by making financing less affordable. Management has attempted to address this challenge with price cuts across the company’s lineup. But while these efforts have probably limited the sales decline, they are also eroding Tesla’s once-high operating margins, which fell from 11.4% to just 5.5% year over year.