Some Wall Street Takes On Tesla’s Q1 2023 Earnings
. Some analysts were disappointed with Tesla’s gross profit margins, which landed beneath Wall Street expectations of 21 percent at just 19 percent.
“We’ve taken a view that pushing for higher volumes and a larger fleet is the right choice here versus a lower volume and higher margin,” Musk said. “However, we expect our vehicles, over time, will be able to generate significant profit through autonomy. Baird analyst Ben Kallow retained a $252 price target and a Buy rating on Tesla following the call, emphasizing positive hopes for the company in both the near and long terms.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
What Was Wall Street's Take On Tesla's Q1 2023 Earnings?Despite Tesla's recent successes, its share price is down. Wall Street was hot and cold about the EV maker's recent earnings. Let's take a look.
Consulte Mais informação »
Wall Street Is Cutting More Jobs as Morgan Stanley Plans 3,000 LayoffsFor Morgan Stanley and others, the cuts show Wall Street is wrangling with a slump that’s dragging on for longer than expected.
Consulte Mais informação »
USD/JPY drops sharply from seven-week highs toward 136.00 as Wall Street tumblesThe Japanese Yen gained momentum during the American session amid risk aversion, causing the USD/JPY to drop from the highest level in seven weeks nea
Consulte Mais informação »
Wall Street’s Most Notorious Corporate Raider Just Got RaidedNathan Anderson has brought down billionaires and frauds. Now he’s going after Carl Icahn.
Consulte Mais informação »
Century 21 to reopen famed Wall Street discount store May 16The 61 year-old retailer filed for bankruptcy in 2020 and seemingly closed its doors for good, shocking fashionistas around the world.
Consulte Mais informação »
Asian markets set to fall ahead of Fed policy decision, tracking losses on Wall StreetAsia-Pacific markets are lower as investors look forward to the Fed's policy decision early Thursday morning.
Consulte Mais informação »