Market Up, Tesla (NASDAQ:TSLA) Down
$TSLA, $SPY, $DIA, $QQQ
Tesla (NASDAQ:TSLA) closed Thursday in New York at 289.46, moving down 0.35% from the priortrading session. This change lagged the S&P 500’s 0.53% gainer on the day.
Elsewhere, the DJIA gained 0.57%, while the tech-heavy NAS Comp added 0.75%.
Coming into today, shares of the electric car maker had lost 14.22% in the past month. In that same time, the Auto-Tires-Trucks sector lost 2.79%, while the S&P 500 gained 2.16%.
Investors will be hoping for strength from TSLA as it approaches its next earnings release, which is expected on 7 November 2018, still almost 60 days away.
On that day, TSLA is projected to report earnings of -0.68/share, which would represent year-over-year growth of 76.71%. Our most recent consensus estimate is calling for Quarterly revenue of $5.55-B, + 85.88% from the same frame last year.
Looking at the full year, the consensus estimates suggest analysts are expecting earnings of -6.60/share and revenue of $19.48-B. These totals would mark changes of +23.79% and +65.66%, respectively, from last year.
Investors should note any recent changes to analyst estimates for TSLA.
These revisions typically reflect the latest short-term business trends, which can change often. As a result, interpretations can be positive or negative estimate revisions for the company’s business outlook.
Example: Elon Musk, Tesla’s CEO said a Tesla could drive itself across the country by Y 2018, just as crashed backing out of a garage.
No one was hurt, but its owner was really rattled.
The luxury EV failed disastrously, during the simplest of maneuvers, using 1 of the most basic features from the self-driving technology, 1 that the owner and his family has to trust at higher speeds.
The crash is an embarrassing incident for a technology Tesla’s CEO Musk unveiled in Y 2016 to great fanfare, saying it would soon allow owners to hit a button and have their cars drive across the country to meet them, recharging along the way. Hummm!
The trend from my 3 Key indicators are Very Bearish.
|NASDAQ:TSLA||289.46||13 September 2018||-1.08||288.02||295||285.18||6,340,300|
|HeffX-LTN Analysis for TSLA:||Overall||Short||Intermediate||Long|
|Bearish (-0.41)||Bearish (-0.38)||Bearish (-0.38)||Bearish (-0.47)|
Have a terrific weekend