- Deliveries Exceed Estimates: Tesla delivered 443,956 vehicles in Q2, surpassing the estimate of 439,302.
- Model 3/Y Deliveries: 422,405 Model 3/Y vehicles were delivered, exceeding the estimate of 412,288.
- Other Models Deliveries: Tesla delivered 21,551 other model vehicles.
- Vehicle Production: Approximately 411,000 vehicles were produced in Q2.
- Stock Performance: Tesla shares rose by 2.8% in pre-market trading, reaching $215.80.
- Trade Volume: 1.03 million shares were traded pre-market.
- Analyst Ratings: 26 analysts rate Tesla as a buy, 21 as a hold, and 13 as a sell.
Tesla on Smartkarma
On Smartkarma, investment analysts like Uttkarsh Kohli provide in-depth coverage on Tesla. In one report, titled “Elon Wins $56B Package Re-Vote and Shift to Texas. Now What for Tesla?“, Kohli discusses the legal challenges around Elon Musk’s compensation package and Tesla’s move to Texas, highlighting concerns about lower-cost models, Chinese competitors, and slow EV sales growth, leaning towards a bearish sentiment.
In another report by Kohli, titled “Tesla Charges Ahead: Energy Storage Leader Drives Record Revenue in Booming Industry”, the focus is on Tesla’s dominance in the energy storage market, particularly in North America, amidst a surge in renewables. With a bullish sentiment, Kohli emphasizes Tesla’s innovation and growth potential in the energy storage sector as a key driver for the company’s future success.
A look at Tesla Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Tesla Inc., a leading multinational automotive and clean energy company, is forecasted to have a positive long-term outlook based on Smartkarma Smart Scores. With a high Growth score of 5 and Momentum score of 5, Tesla is expected to experience strong expansion and market performance in the coming years. This growth potential is further supported by a Resilience score of 4, indicating the company’s ability to withstand economic challenges. While the Value score is moderate at 2, the overall consensus is optimistic for Tesla’s future prospects, especially in the electric vehicle and clean energy sectors.
In summary, Tesla Inc. is positioned favorably for long-term success in the automotive and energy industries, with a strong emphasis on growth, momentum, and resilience. As a company that designs and manufactures electric vehicles, battery energy storage solutions, solar products, and more, Tesla’s innovative approach and market leadership are key factors contributing to its positive outlook. Although the dividend score is lower at 1, the company’s focus on cutting-edge technologies and sustainable solutions is expected to drive continued growth and market performance in the foreseeable future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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