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The first Magnificent 7 stock will report their earnings after the close. Tesla which has been so magnificent will report soon after the close. What is expected?
Here’s a summary of Tesla’s anticipated financial performance in bullet format, including expectations versus prior results:
Other items of interest:
The stock is trading today up $3 or 2.09% at 145.06. Yesterday, the price moved to the lowest level going back to January 2023. That comes after reaching a high of nearly $300 on July 19, 2023. The low price in 2023 reached $101.81.
IN 2023, the closing level at the end of year was at $248.48. At current levels, the price is down close to 42% on the year. The high for the year was on the first trading day of the year.
Upside targets come in at $152.37, $160.51, and then near the broken 61.8% and 50 day MA near $176. Move below the low from yesterday, and the price can ultimately look toward the low from 2023 at $101.80 over time. In between,,targets at $124.31, $115.60 before the low price at $101.81 (see chart below).