TESLA Earnings Report Outcome Forecast

Information is not investment advice

What will happen?

In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.

How can it affect the stock price?

Tesla Inc. recently cut prices on its most popular models in the United States by 20% to shake off some of the competitive pressure in the EV (Electronic Vehicle) market. As a result, more people are considering purchasing the recently more-affordable Tesla models, thus improving stock yield.

Despite the ongoing trial of the company's CEO regarding his 'funding secured' comments three years ago, analysts forecast a coming surge in Tesla stock prices in a short while. Edmunds, a research data site, states that the number of shoppers inquiring about Tesla products surged right after the price cut, the Model Y and Model 3 especially.

On the Technical side, we see a recent crossing of the 50 and 100 Simple Moving Averages, with the price trading far above the 200 SMA. We may see even higher highs on TESLA, towards the $160 mark as an initial target. However, the price may test the support at the $120 area before the bullish move begins.

Analysts’ Expectations:

Revenue: 21.45B

EPS: 1.05

Important

The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.

Legal disclaimer: The content of this material is a marketing communication, and not independent investment advice or research. The material is provided as general market information and/or market commentary. Nothing in this material is or should be considered to be legal, financial, investment or other advice on which reliance should be placed. No opinion included in the material constitutes a recommendation by Tradestone Ltd or the author that any particular investment security, transaction or investment strategy is suitable for any specific person. All information is indicative and subject to change without notice and may be out of date at any given time. Neither Tradestone Ltd nor the author of this material shall be responsible for any loss you may incur, either directly or indirectly, arising from any investment based on any information contained herein. You should always seek independent advice suitable to your needs.

FBS Analyst Team

More by this author

Similar

18.04.2023 18:29 Top Stocks to Trade this Earnings Season

The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.

fundamental analysis market forecast technical analysis stocks market usd forex signals

10.04.2023 13:49 FAANG stocks. Fundamental analysis.

FAANG stocks started recovering. Which ones are the best according to fundamental analysis?

stocks market s&p500 facebook

17.02.2023 12:51 Top Stocks to Invest in in 2023

The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.

fundamental analysis market forecast technical analysis stocks market usd forex signals

Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus

fundamental analysis market forecast jpy - japanese yen technical analysis usd forex signals aud - australian dollar

Share with friends:

Choose your payment system

Phone number

Select the best time for us to call you.

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.