Tesla is about to publish its Q2 figures and analysts are extremely optimistic. Despite a cautious sales forecast for the second quarter, they expect strong results and have maintained their outperform rating for the Tesla-shares (NASDAQ: TSLA). The target price is 280 dollars.
Stable price environment and FSD software sales
A more stable price environment and higher revenues from the sale of FSD (Full Self-Driving) software contribute to the analysts' positive assessment. Particularly noteworthy is the progress that Tesla made in the energy segment, which offers additional growth potential.
Expected sales figures and financial performance
Tesla will publish its Q2 figures on July 23 after the close of the US stock exchange. Analysts are forecasting earnings per share (EPS) of 0.62 dollars, while the consensus is 0.61 dollars. They estimate a gross margin of 18.5%, which is above the consensus of 17.5%. Although the revenue estimate for the second quarter of 23.6 billion dollars is below the consensus of 24.3 billion dollars, expectations remain high overall.
Robotaxi event as a potential catalyst
Another exciting aspect is the upcoming Robotaxi event, which is seen as a potential catalyst for Tesla's future development. Originally scheduled for August 8, the event has been postponed to October. Analysts assume that Tesla may introduce new vehicles on this platform. CEO Elon Musk has already supported this assumption.
Production and future prospects
Analysts expect that Tesla will initially introduce its own robotaxi fleet in selected cities to shape the future of autonomous driving. Production of the new generation of vehicles is set to begin in early 2025, with an estimated production of around 25,000 units in the first year.
Conclusion
The upcoming Q2 figures and the Robotaxi event could provide decisive impetus for Tesla the company. Stable prices, rising sales from FSD software and progress in the energy segment reinforce the optimistic outlook. Stay tuned for developments and further announcements from Tesla.
These developments and the analysts' positive forecasts underline Tesla's strong position and the potential for further growth in the coming years.
