Tesla (NASDAQ:TSLA) stock remains in a bear market after falling nearly 30% from its December high. It ended the week at $354, about 9% below this month’s high of $388.
Attention now turns to the upcoming earnings report, which should shed more light on the company’s growth and cash flows. Tesla Earnings to Shed Light on its Growth and Cash Burn Tesla, a member of the Magnificent 7 group of companies, will be in the spotlight as it publishes its financial results on Wednesday.
These results come two weeks after management delivered the third-quarter delivery report. Tesla made 464,391 vehicles in the quarter and delivered 486,532 of them.
1 billion. Most importantly, investors will focus on its cash flow statement.
8 billion in the quarter. Read Also: Dow Jones, Nasdaq 100, S&P 500 Outlook: Top Catalysts to Move US Stocks This Week Options Market Points to a Rebound The options market expects the stock to rebound after its earnings report.
Options expiring this week have an implied volatility of 42%, slightly higher than the historical average of 33%. 53 and an open interest ratio of 49, meaning that more investors have a bullish positioning.
5% jump from the current level. Most of the calls are at $350, slightly lower than where it is today.
Top analysts are highly bullish on the company. Jefferies recently hiked target to $400 from the previous $350.
Tigress Financial has a target of $550, while UBS Group sees it rising to $391. JPMorgan (NYSE:JPM) has a target of $415, while the average estimate is $412.
These earnings come a few days after Tesla unveiled the Roadster, a high-performance electric vehicle prototype capable of brief aerial maneuvers. It expects to start deliveries in 2028.
