Tesla, maker of electric cars (TSLA) – Get report will report fourth quarter earnings after the closing bell on Wednesday. Tesla’s shares have risen more than 100% since the company’s third-quarter earnings.
TheStreet is now live blogging Tesla’s Q&A conference call and webcast about fourth quarter earnings. Please join us!
Tesla was TheStreet’s number one “stock of the year” in 2020, having grown over the year and joined the S&P 500.
The Palo Alto, Calif., Company started this year at an all-time high when Wall Street responded to the clean energy automaker’s total delivery record of nearly 500,000 vehicles last year.
The tech giant’s sales figures in China will be closely monitored by investors.
Watch Tesla’s earnings call
You can watch Tesla’s results conference call on its investor relations live broadcast page, where there will be a live webcast and a replay. The webcast is scheduled to start at 6:30 pm Eastern Time.
You can submit questions to the question and answer section and read any of the questions asked.
Analyst forecasts
Tesla is expected to report earnings of about $ 1 billion, or $ 1.04 per share, on sales of $ 10.5 billion after the market closed on Wednesday, based on a FactSet survey of 22 analysts. This compares to earnings of $ 143 million, or 43 cents a share, and sales of $ 7.4 billion in the same quarter last year.
How to trade Tesla
TheStreet founder, Jim Cramer, thinks the biggest driver of Tesla’s recent earnings is linked to its inclusion in the S&P 500, where there are “many funds that need to continue buying it … and as stocks go up, those ratios funds don’t sell it. They let it roll. “
Latest Tesla News
On Monday, Tesla’s shares rose as analysts continued to disclose their expectations of even better days for the electric car maker ahead of its fourth-quarter earnings.
Baird analyst Ben Kallo raised his target price for Tesla from $ 488 to $ 728 per share, saying “the stock bias continues upwards”.
“… launching Shanghai operations for real and keeping sales promises [around] 500,000 cars in 2020 in previous years, Tesla is entering the next stage of its evolution, “said Kallo.
Tesla will also benefit from President Joe Biden’s pledge to seek clean, renewable sources of energy.
Last week, on January 20, Deutsche Bank analyst Emmanuel Rosner raised his Tesla target price from $ 705 to $ 890, because he expects government spending on vehicle electrification and infrastructure to rise under the new Biden administration.
On January 15, Wedbush Securities analyst Daniel Ives raised his one-year price target for the electric vehicle maker from $ 751 to $ 950 to reflect growing global demand for electric vehicles, especially in China. .
“The hearts and lungs of Tesla’s bull thesis are centered in China, as we saw consumer demand soar in 2021 not only for the Model 3s, but for impressive domestic competitors like NIO NIO, XPeng XPEV, Li Auto LI and others ”, Ives said in a research note.
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