Tesla (NASDAQ:TSLA) Inc. will unveil its Q3 earnings report next week with growing apprehensions about shrinking margins and waning demand, accentuated by recent price reductions. The forthcoming Cybertruck model, anticipated to breathe new life into Tesla's stagnant lineup, has not sparked considerable excitement among investors, further adding to the cautious sentiment surrounding the company.
According to InvestingPro data, Tesla's market cap stands at an impressive 821.97B USD, and the company has seen a revenue growth of 39.99% in LTM2023.Q2. This suggests that despite the challenges, the company still holds a strong position in the market.
Morgan Stanley has voiced caution for the remainder of the year, indicating potential downward adjustments of earnings. Investors have been questioning Tesla's ability to increase earnings in the unstable year ahead. In this context, it's worth noting that according to InvestingPro Tips, 16 analysts have revised their earnings downwards for the upcoming period. This could be a potential red flag for investors considering Tesla's stock.
Citi analysts anticipate a neutral to slightly negative reaction to the Q3 earnings report. Despite these challenges, Tesla shares have seen a substantial rise of 114% this year, significantly outpacing the S&P 500 index's gain of 14%.
InvestingPro's real-time data reveals that Tesla's 1 Year Price Total Return as of Y2023.D285 is 21.06%, and the company has experienced a large price uptick over the last six months. This aligns with one of the InvestingPro Tips that Tesla has seen a large price uptick over the last six months, indicating a strong performance in the stock market.
For those interested in more detailed insights, InvestingPro offers a comprehensive suite of real-time metrics and tips for various companies, including 21 additional tips for Tesla.
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