Tesla is on the verge of an important event: the publication of the quarterly figures for the third quarter of 2024 on Wednesday, October 23. After a significant drop in the share price last week, investors are hoping for a stabilization of the Tesla share. But what do analysts expect and what factors could influence the share price?
Disappointment at the Robotaxi event
The latest Robotaxi event from Tesla last week disappointed many investors. Detailed information was expected on the production and schedule of the new Robotaxi-models as well as announcements of a new, more affordable electric vehicle. These points remained largely unmentioned, which led to uncertainty and a fall in the share price.
Lack of details on production and schedule
Investors had hoped for more transparency about production capacities and the timetable for the new vehicles. In particular, the lack of a favorable model that would allow access to the electromobility could facilitate access to electromobility was a particular source of disappointment.
Expectations for the quarterly figures
The publication of the quarterly figures now offers an opportunity to regain investor confidence. Barclays expects the results to be a positive short-term catalyst for the Tesla share could be a positive catalyst for the share. The analyst consensus is for adjusted earnings per share of 68 cents, which is above previous expectations.
Forecasts from Barclays
Barclays forecasts that margins have bottomed out and will improve going forward. In addition, income from regulatory loans could provide a solid boost for Tesla the economy. These loans are particularly important as other car manufacturers rely on Tesla's technologies to emission standards standards.
Optimistic assessments from RBC
The Canadian bank RBC remains optimistic and has Tesla to "Outperform". According to analyst Tom Narayan the US sales figures for electric cars in the third quarter showed that the first quarter of 2024 could be a turning point. The sales figures for the Cybertruck and the Model 3 compensate for the weakness in Model Ywhich is the growth of Tesla further.
Technical analysis of the Tesla share
Following the recent price setback, it is important that the Tesla share defends the support in the form of the 100-day line at USD 217.87. A positive breakout above the 38-day line at USD 231.92 could drive the price further upwards and break through the 200-day line at around USD 200.
Important support and resistance lines
- 100-day lineUSD 217.87
- 38-day line231.92 USD
- 200-day line200 USD
A first positive signal could initiate the recapture of the 38-day line and the Tesla share on the way to further gains.
Conclusion: opportunities and risks for Tesla
The forthcoming publication of the quarterly figures 2024 is a decisive moment for Tesla. Positive results could restore investor confidence and stabilize or even increase the share price. At the same time, uncertainties remain due to the disappointing Robotaxi event and the challenges of introducing new models. However, analysts expect a positive development overall, supported by improved margins and growing income from regulatory loans.
Outlook
Tesla has a strong position in the market for regulatory loans despite the current challenges. electromobility. With the introduction of new models such as the Cybertruck and continuous innovations in the area of autonomous driving remains Tesla a leading player. The next few months will show how the quarterly figures affect the market position and investor confidence.
Keywords: Tesla, Tesla Model Y, Tesla Model 3, Tesla Accessories, Tesla Store, Shop4Tesla, Tesla News, Quarterly figures, Tesla share, robotaxi, cybertruck, regulatory credits, emission standards, electromobility, autonomous driving
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