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Benzinga
120 days

Tesla Q1 Test Drive: Will Earnings Steer The Stock Out Of The Ditch?

1. Tesla to report Q1 earnings; $0.41 EPS on $21.35B revenue expected. 2. Stock surged 69.93% last year but down 36.36% year-to-date. 3. Bearish trend indicates stock struggles; price below key moving averages. 4. Analyst consensus remains a 'Buy' with target price averaging $321.67. 5. Affordable Model Y's U.S. debut postponed, affecting market sentiment.

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FAQ

Why Bearish?

The stock is in a bearish trend with negative moving average indicators. Historically, similar bearishness prior to earnings led to downward corrections.

How important is it?

Earnings can heavily influence Tesla's price action and market perception. Hedge funds and retail investors alike are likely to react to earnings results, affecting stock price.

Why Short Term?

Earnings impact will likely be felt immediately, especially with analyst expectations. Immediate volatility expected as earnings results deviate from projections.

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