- Adjusted Earnings Per Share (EPS) for Tesla in Q2 were 52 cents, missing the estimated 60 cents.
- Earnings Per Share (EPS) were recorded at 42 cents.
- Basic EPS was noted at 46 cents.
- Tesla’s revenue reached $25.50 billion, surpassing the estimate of $24.63 billion.
- Free cash flow for the quarter was $1.34 billion, falling short of the $1.92 billion estimate.
- The gross margin came in at 18%, just above the estimated 17.4%.
- Capital expenditure amounted to $2.27 billion, less than the $2.54 billion estimate.
- Operating income was $1.61 billion, below the expected $1.81 billion.
- Analyst recommendations include 27 buys, 19 holds, and 13 sells.
Tesla on Smartkarma
Analyst coverage of Tesla on Smartkarma reveals a mix of bullish and bearish sentiments from independent analysts. Uttkarsh Kohli‘s report highlights Tesla’s Q2 earnings preview, emphasizing growth in energy storage and anticipation for Robotaxi Day. Joe Jasper maintains a bullish outlook, advocating for continued overweighting in large-cap growth tech stocks, including Tesla. Uttkarsh Kohli‘s positive sentiment in another report focuses on Tesla’s outpacing delivery expectations, with shares spiking and investors eyeing lower-priced models and the Robotaxi event. However, Uttkarsh Kohli also presents a bear case, mentioning legal challenges for Musk’s compensation package, concerns about lower-cost models, Chinese competition, and sluggish EV sales impacting Tesla’s stock performance.
The analysts also spotlight Tesla’s dominance in energy storage, with a bullish outlook on the company’s position as a leader in the booming industry. Uttkarsh Kohli notes Tesla’s strong presence in the North American battery storage market, while highlighting the explosive growth potential of the U.S. battery storage sector. Additionally, Uttkarsh Kohli underscores CATL’s innovative energy system with significant growth prospects. Overall, the analyst coverage on Smartkarma provides a comprehensive view of Tesla’s current challenges and opportunities, offering valuable insights for investors navigating the dynamic landscape of the electric vehicle and energy storage markets.
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
Based on the Smartkarma Smart Scores, Tesla is positioned for strong long-term growth and momentum. With a high growth score of 5 and momentum score of 5, Tesla is showing potential for sustained expansion and positive market performance. Additionally, the company has demonstrated resilience with a score of 4, indicating its ability to withstand economic challenges. However, Tesla’s value score of 2 and dividend score of 1 suggest that its current valuation may not fully reflect its growth prospects.
Tesla Inc. operates as a multinational automotive and clean energy company, with a focus on electric vehicles, battery energy storage, and solar products. The company’s innovative approach to sustainable energy solutions has led to its strong growth potential and positive momentum in the market. Despite some concerns about valuation and dividend payouts, Tesla’s overall outlook remains promising based on the Smartkarma Smart Scores.
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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