Tesla, Inc. (NASDAQ:TSLA) stock has resumed the rally after a report suggesting the postponement of the Aug. 8 robotaxi unveil event, dragged the stock sharply lower last Thursday. A fund manager, who is bullish on the electric vehicle maker, said the stock “still offers a good setup into 2Q earnings next week.”
Upside Surprise In Offing? Elon Musk-led EV giant is scheduled to report its second-quarter results after the market closes on July 23. Analysts, on average, expect the company to report earnings per share of $0.62, sharply down from the $0.91 reported for the year-ago quarter. Revenue may have slipped 1.20% to $24.63 billion.
The Future Fund LLC Managing Partner Gary Black took to social-media platform X, formerly Twitter, to express his thoughts on the stock ahead of the imminent earnings. His optimism is premised on the fact that second-quarter consensus has barely moved after the deliveries report, going up merely 2 cents to 60 cents.
The P/E multiple is ...