Tesla is set to report its earnings after Tuesday’s market close, with the stock currently trading near $250 after hitting a record high of $414.50 earlier in 2021. The Street is expecting the company to report a gain of $0.59 per share on $24.97 billion in revenue, with a Whisper number of $0.65 per share. Tesla has seen fluctuating earnings over the years, with expectations for earnings to fall to $2.42 this year before rising to $3.33 in 2025. The stock’s price to earnings (P/E) ratio of 92 is significantly higher than the benchmark S&P 500.
While Tesla’s stock has lagged behind other growth stocks and the S&P 500 this year, it recently experienced a strong surge and is now consolidating its gains. The stock is currently building a base over the last four weeks, with the potential for a breakout above recent highs signaling further upside potential. Tesla, considered a true market leader, has had significant growth since its IPO in 2010, with milestones such as the introduction of the Model S, Model X, Model Y, and Model 3 leading to its dominance in the electric vehicle market.
Tesla operates in two segments, Automotive and Energy Generation and Storage, offering electric vehicles, solar energy generation, and energy storage products. The company’s stock saw a significant increase in value during the COVID-19 pandemic, reaching a peak of $414.50 in 2021 before dropping to $101.81 in early 2023. Since then, the stock has been on a rally and is now trading near $250. As the company prepares to report its earnings, investors are advised to pay attention to how the stock reacts to the news and keep losses small.
The company has experienced periods of flat stock prices in its early years, focusing on survival and the launch of its first electric vehicle. From 2013 onwards, Tesla’s stock began to rise as it expanded its product line and production capacity, with the Model X, Model Y, and Model 3 contributing to its success. Tesla, formerly known as Tesla Motors, Inc., changed its name to Tesla, Inc. in 2017 and is headquartered in Austin, Texas. Members of FindLeadingStocks.com have been following Tesla’s performance through the newsletter, which shares leading stocks and stock breakouts in the market.
In conclusion, Tesla’s upcoming earnings report will be closely watched by investors, with expectations for how the stock will react to the news. The company’s history of fluctuating earnings, strong product line, and market leadership position make Tesla an intriguing stock to follow. As the stock consolidates its recent gains, investors are advised to monitor for a potential breakout and keep losses small while analyzing the stock’s performance. Tesla’s journey from its IPO to becoming a market leader in electric vehicles and energy products has been marked by growth and significant milestones, making it a key player in the stock market landscape.
