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What's Going On With Tesla Stock Ahead Of Earnings Tuesday?
Tesla Inc (NASDAQ:TSLA) shares are in the spotlight Tuesday ahead of earnings. Here’s what you need to know.
What To Know: Tesla shares hit new 52-week lows on Monday, a day ahead of earnings. The stock has been facing heavy selling pressure in recent months due to waning EV demand trends. The EV maker has reported weak quarterly results in two straight quarters and many analysts are concerned the company will turn in disappointing results after the bell.
GLJ Research analyst Gordon Johnson recently warned that Tesla could report its first negative free cash flow quarter since 2020, citing excess production, slowing demand and inventory build problems. Johnson also pointed to continued weakness in insurance registration data out of China as a potential headwind for the company.
Wedbush’s Dan Ives recently referred to this earnings report as a fork in the road for Tesla. The analyst said the Street needs CEO Elon Musk to explain his rationale for cost cutting ...