Tesla, Inc. (NASDAQ:TSLA) is expected to release earnings results for its first quarter, after the closing bell on April 23, 2024.
Analysts expect the Austin, Texas-based company to report quarterly earnings at 51 cents per share, down from 85 cents per share in the year-ago quarter. Tesla is projected to report quarterly revenue of $22.34 billion, according to data from Benzinga Pro.
Tesla eliminated a recently established marketing team, moving away from a move towards traditional advertising that CEO Elon Musk had approved less than a year earlier, as part of broader company layoffs.
Tesla shares fell 3.4% to close at $142.05 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Piper Sandler analyst Alexander Potter maintained an Overweight rating with a price target of $205 on April 22, 2024. This analyst has an accuracy rate of 75%.
- Jefferies analyst Philippe Houchois maintained a Hold rating and cut the price target from $185 to $165 on April 10, 2024. This analyst has an accuracy rate of 75%.
- Goldman Sachs analyst Mark Delaney maintained a Neutral rating and slashed the price target from $190 to $175 on April 9, 2024. This analyst has an accuracy rate of 75%.
- Truist Securities analyst William Stein reiterated a Hold rating and cut the price target from $193 to $176 on April 3, 2024. This analyst has an accuracy rate of 85%.
- HSBC analyst Michael Tyndall maintained a Reduce rating and lowered the price target from $143 to $138 on April 3, 2024. This analyst has an accuracy rate of 71%.
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