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Investing.com - Stifel has updated its models for Tesla (NASDAQ:TSLA), Rivian (NASDAQ:RIVN), and Lucid (NASDAQ:LCID) ahead of their upcoming earnings reports, outlining several critical areas for investors to monitor. Tesla, currently valued at over $1 trillion and set to report earnings on July 23, has shown mixed signals with InvestingPro data indicating the stock is trading above its Fair Value.
The firm identified incentives, pricing, and margin profiles as important metrics to watch for all three electric vehicle manufacturers during the upcoming earnings season. For Tesla specifically, InvestingPro data shows current gross profit margins at 17.66%, reflecting some pressure in this key metric.
For Tesla specifically, Stifel emphasized the significance of updates regarding the company’s Full Self-Driving (FSD) technology and Robotaxi initiatives, which could impact future revenue projections.
The firm also noted the potential near-term sales increase for all three companies due to the $7,500 tax credit expiration scheduled for late September 2025, which might accelerate customer purchases before the deadline.
Additional company-specific updates to monitor include Rivian’s progress on its R2 launch, Lucid’s plans for its upcoming midsize vehicle, and both companies’ near-term production and delivery guidance, with particular attention to traction for the Lucid Gravity SUV.
In other recent news, Tesla is set to release its second-quarter earnings report, with GLJ Research maintaining a Sell rating and projecting revenue of $22.3 billion and non-GAAP earnings per share of $0.39. These figures are slightly below the consensus estimates of $22.6 billion in revenue and $0.42 earnings per share. Meanwhile, Wedbush has reiterated an Outperform rating for Tesla, highlighting a shift in investor sentiment due to CEO Elon Musk’s focus on expanding Robotaxi services. Piper Sandler has also maintained its Overweight rating, suggesting minimal impact on earnings from potential regulatory credit losses. Cantor Fitzgerald has kept its Overweight rating with a $355 price target, emphasizing Tesla’s potential in the autonomous vehicle market. Additionally, Cantor Fitzgerald noted Tesla’s second-quarter delivery of 384,122 vehicles, which matched consensus expectations but was lower than the previous year’s figures. The company produced 410,244 vehicles, slightly below analyst expectations but consistent with last year’s production. These developments reflect a mix of analyst perspectives and operational metrics for Tesla.
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