Jefferies raised its Tesla price target to $850 from $700, citing immense earnings upside in the future.
The Tesla and SpaceX CEO said during the company's second-quarter earnings call that he only has "so much time in the day."
"We're talking millions of cars, massive global supply chain, 50 countries, dozens of regulatory regimes," Musk said on a Monday call.
Tesla didn't turn a profit from selling electric cars alone. Elon Musk and his fellow executives have crafty ways of padding the bottom line.
Tesla also said it made $101 million from selling bitcoin during the period after it bought $1.5 billion worth of the cryptocurrency in February.
"We now believe Tesla could exceed 850,000 deliveries for the year with 900,000 as a stretch goal, despite the chip shortage," Wedbush said.
Earlier this month, Elon Musk's electric automaker revealed sales for the period which easily topped Wall Street estimates.
Tesla can double its revenues if it develops a network of self-driving robotaxis, its CEO Elon Musk said Wednesday. This could potentially lead to a valuation of around $US1 trillion, he said. But this would rely on major improvements to Tesla’s self-driving technology. Visit Business Insider’s homepage for more stories. […]
Tesla reported its earnings for the final quarter of 2020 on Wednesday afternoon. Elon Musk’s automaker missed Wall Street’s earnings expectations by about 20%. Shares of Tesla fell sharply in late trading following the news. Visit Business Insider’s homepage for more stories. Tesla posted yet another quarterly profit to close […]
Tesla will report its final 2020 earnings report on Wednesday afternoon. It will likely be the company’s first fiscal year of profitability. Tesla and its leader Elon Musk had a wildly successful 2020 amid the pandemic. Visit Business Insider’s homepage for more stories. 2020 was by all measures a blowout […]
Tesla’s third-quarter earnings report beat expectations on multiple key metrics including cash flow and gross margins. The electric vehicle automaker also reiterated its goal of 500,000 deliveries in 2020, a statement many analysts were anticipating before the report. Shares of Tesla soared nearly 5% at the market open on Thursday. […]
Tesla on Wednesday announced its third-quarter financial results. The electric-car maker reported adjusted earnings per share of $US0.76 on top of $US8.77 billion in revenue. Wall Street analysts polled by Bloomberg had expected $US0.55 per share and $US8.2 billion of revenue. Visit Business Insider’s homepage for more stories. Tesla on […]
Tesla will release its third quarter earnings report after markets close on Wednesday. The electric vehicle company already announced record third-quarter production numbers and beat expectations for its deliveries in the quarter. Analysts on Wall Street are now focusing on whether Tesla will meet its 2020 delivery target of 500,000, […]
Tesla will report its third-quarter earnings on Wednesday afternoon. Wall Street analysts expect the company to post revenues of $US8.26 billion and a profit of nearly $US6 million. If the company can match those expectations, it will be one of the automaker’s biggest quarters yet – and its fifth consecutive […]
Strong third-quarter deliveries set Tesla up for a healthy earnings beat on Wednesday and a sales milestone before the year is out, Wedbush analysts said Friday. “Improved manufacturing efficiency and shining [Gigafactory] 3 success in China” are key drivers for the company’s near-term success, the team wrote in note. The […]
RBC Capital Markets on Monday boosted its price target on shares of Tesla to $US290 from $US170 following the automaker’s stock split. Still, the firm maintains its “underweight” rating on shares of the automaker and said that it’s overvalued. “We recognise we underestimated a critical valuation point: seemingly insatiable investor […]
Tesla has rallied since the company announced on Tuesday that it will enact a five-for-one stock split on its shares at the end of August. Shares of the automaker jumped 13% on Wednesday, and climbed as much as 4% Thursday. The stock split doesn’t change anything about the company fundamentally, […]