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benzinga.com
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Tesla Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Tesla (NASDAQ:TSLA), Micron Technology (NASDAQ:MU)

1. TSLA earnings expected at 42 cents, lower than last year's 45 cents. 2. Revenue projected at $21.41 billion, slightly up from $21.3 billion. 3. Shares fell 5.8% to $227.50 on Monday, indicating investor concerns. 4. Analysts cut price targets significantly across several firms recently. 5. TSLA is in talks with Micron Technologies and CG Semi for potential partnerships.

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FAQ

Why Bearish?

The anticipated drop in earnings per share indicates weakening profit margins. Historical instances, such as Q2 2022, showed similar trends leading to stock price declines.

How important is it?

The combination of lowered earnings expectations and steep analyst downgrades signals caution. Investor sentiment often shifts sharply based on quarterly earnings reports, stressing the importance of this information.

Why Short Term?

Near-term earnings reactions can heavily impact TSLA's stock price, particularly with upcoming releases. Past earnings reports in the EV sector have triggered significant fluctuations.

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