TESLA Earnings Report Outcome Forecast

TESLA Earnings Report Outcome Forecast

2023-01-24 • Updated

What will happen?

In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.

How can it affect the stock price?

Tesla Inc. recently cut prices on its most popular models in the United States by 20% to shake off some of the competitive pressure in the EV (Electronic Vehicle) market. As a result, more people are considering purchasing the recently more-affordable Tesla models, thus improving stock yield.

Despite the ongoing trial of the company's CEO regarding his 'funding secured' comments three years ago, analysts forecast a coming surge in Tesla stock prices in a short while. Edmunds, a research data site, states that the number of shoppers inquiring about Tesla products surged right after the price cut, the Model Y and Model 3 especially.

TESLAH1-2401.png

On the Technical side, we see a recent crossing of the 50 and 100 Simple Moving Averages, with the price trading far above the 200 SMA. We may see even higher highs on TESLA, towards the $160 mark as an initial target. However, the price may test the support at the $120 area before the bullish move begins.

Analysts’ Expectations: 

Revenue: 21.45B

EPS: 1.05

Important

The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately. You can access more of such trade ideas and prompt market updates on the telegram channel.

TRY TRADING NOW

Similar

Nasdaq 100 (US100): Toward 17750
Nasdaq 100 (US100): Toward 17750

Bullish Scenario: Buy between 17515 and 17600 with TP1: 17681; TP2: 17720 intraday, and TP3: 17750 / 18000 in extension. Bearish Scenario in case of breaking the buying zone: Sell below 17500 with TP1: 17469; TP2: 17421, and TP3: 17358 in extension.

Latest news

AUD: Trade Ideas
AUD: Trade Ideas

Last Tuesday, the Australian dollar experienced its steepest drop of the year, falling by 1.18%, following higher-than-expected US inflation figures, which boosted the US dollar. However, the Aussie has since rebounded and is now trading at a two-week high against the US dollar. Investors are...

NZD: The Week Ahead
NZD: The Week Ahead

Commerzbank's analysis suggests a brighter outlook for the New Zealand Dollar (NZD) in the coming months despite recent downward pressure. Factors like broader U.S. Dollar strength and domestic issues have kept the NZD below last year's highs. However, robust labor markets in both New Zealand and Australia and an expected...

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera