From MarketWatch, July 23:
Opinion: Robotaxis, FSD, AI: These are a few of Elon Musk’s favorite Tesla things
Cody Willard: Tesla is our portfolio’s biggest stock position — and we haven’t sold a share
....2. Improved margins: There is a good chance that Tesla could beat EPS estimates in 2024 because car pricing has stabilized and Musk laid off about 14% of the workforce in April. Most analysts are expecting Tesla’s earnings per share (EPS) to decline about 40% to $2.58 a share in 2024 from $4.31 a share in 2023. To the extent Tesla is able to produce as many or more cars, energy cells, solar panels and FSD software with 14% fewer people, the cost savings will fall straight to the bottom line....
....MUCH MORE
After yesterday's $12.31 (+5.15%) pop, the stock is up in late premarket trade, +$3.07 (+1.22%) at $254.58.
I don't know who Cody Willard is but he confirms some of our priors. So obviously a genius.
Tesla reports after the close today.
