Tesla Inc. (NASDAQ: TSLA) is set to report its third-quarter results on Wednesday, with analysts predicting it will outperform consensus estimates. Analyst Troy Teslike forecasts non-GAAP earnings per share at $0.66, higher than the consensus of $0.59, and expects sales of $28.4 billion, surpassing the $27.3 billion consensus.
However, Teslike’s gross margin forecast of 17.2% is slightly below other analysts’ projections. Morningstar’s Seth Goldstein maintains a sell rating, suggesting the market is overly optimistic about robotaxi developments, which he believes are years away from being operational. Despite this, he recognizes Tesla’s strengths, including its humanoid robot and battery business.
On a bullish note, analyst Tom Nash predicts the stock could reach $900 within 6 to 12 months, emphasizing Tesla’s potential in AI, full self-driving (FSD), and robotics. Currently, Tesla stock closed at $442.60, down 1.08% but slightly up in overnight trading.
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