The call has ended, and the toplines are that Tesla is (within the minds of its leadership) fully an AI and robotics company — the cars are the only means to a robotaxi end. “If someone doesn’t think Tesla’s gonna solve autonomy,” Musk himself said, “I don’t think they should be an investor in the company.” The $25,000 automobile is perhaps coming, though it’ll come after a series of efficiencies to be present in existing production lines, and Musk said that he’s really not all that essential to Tesla achieving its goals.
Tesla’s first-quarter earnings call for 2024 is tonight, and it’s shaping up to be a rough one. The stock is nosediving, and investors desperately want Elon Musk to right the ship — and, in doing so, restore their confidence in the corporate’s continued ability to generate returns.
Investors are concerned with profit margins, delivery figures, and the ever-present rumor of the entry-level model’s cancellation. Tesla has already put out the main announcement of the Model 3 Performance today, which doesn’t bode well for the earnings call itself — what’s the corporate hiding behind all that media flash?
While the Model 3 announcement appears to have righted Tesla’s stock price in the intervening time — though it might simply be trading flat on market uncertainty leading into the upcoming call — analysts appear torn on the corporate’s trajectory. Nasdaq quotes 12-month price targets from analysts as starting from $310/share all the best way right down to just $22.86. Functionally, based on a current price of $144.92, that’s a double or nothing bet. Overall, estimates point to a slight rise over the following year.
As more competitors enter the EV space — and accomplish that with higher and higher cars — Tesla is hitting a watershed moment. Demand for EVs may increase, particularly as ICE engines are phased out and regulatory structures encourage the shift to electrification, but demand for Teslas may not. Will the corporate maintain its dominance within the EV market, or will more traditional automakers win out?
We’ll be tuning in to Tesla’s investor call at 5:30 PM Eastern, and live reacting here to all of the statements, questions, and investor concerns. Will Musk explain away the corporate’s issues sufficiently, or will shares proceed to tumble when the market bell rings tomorrow morning? Let’s discover together.
Credit : jalopnik.com
