What This TOP Analyst Is Looking For In Tesla Q1 Earnings

TL;DR

Tesla's Q1 2020 earnings call is approaching and an analyst predicts a $1000 price target for the stock.

Transcript

i ultimately think this is just this next step in the stock going toward a thousand hey i'm stephen and this is solving the money problem if you're new welcome if you're not welcome back so tesla reports that q1 2020 earnings tonight after market close i'll be streaming the earnings call on this channel so be sure to stop by and say hi in the live ... Read More

Key Insights

• 🚚 Tesla's Q1 2020 earnings call will provide updates on autopilot safety, competition, and delivery forecasts.
• 🧑‍🏭 Delivery guidance for 2021 is a crucial factor in determining Tesla's growth trajectory and market expectations.
• ☠️ Tesla's fast growth makes it challenging to estimate exact delivery numbers for a single year, but the compound annual growth rate over a multi-year period is significant.
• 😔 Analysts, like Dan Ives, believe Tesla's stock has the potential to reach $1000 per share due to its green initiatives and success in the EV market.
• 👲 The potential reinstatement of the EV tax credit without a cap per manufacturer could impact Tesla's pricing strategy.
• 🤳 Tesla's safety record and discussions on self-driving technology may come up in the Q&A session during the earnings call.
• 🍵 Analysts predict that Tesla will continue to break records in terms of revenue, profitability, and cash on hand.

Questions & Answers

Q: What is the most important thing to hear in Tesla's earnings call?

According to analyst Dan Ives, the most important thing is the delivery guidance for 2021. This will indicate Tesla's growth trajectory and address the skepticism and competition it faces.

Q: Why is Tesla's fast growth a challenge for estimating delivery numbers?

Tesla's rapid expansion, with multiple factories under construction and expanding production capacity, makes it difficult to pinpoint exact delivery figures for a single year. The compound annual growth rate over a multi-year period is a more reliable indicator.

Q: Will Tesla's delivery guidance for 2021 be positive for the stock?

If Tesla updates its delivery guidance for the year, it would likely be seen as a bullish signal. Wall Street is currently underestimating Tesla's ambitions, and any clarification or increase in delivery targets would be seen positively.

Q: Could the reinstatement of the EV tax credit benefit Tesla?

There are rumors of a $10,000 EV tax credit being reinstated with no cap per automotive manufacturer. While it would be great for Tesla, which already sells every vehicle it makes, it may lead to a temporary price increase to compensate for the reduced incentive.

Summary & Key Takeaways

• Tesla's Q1 2020 earnings call is happening soon, and analysts are looking for updates on autopilot safety, competition, and delivery forecasts.

• Analyst Dan Ives believes that Tesla's delivery guidance for 2021 is the key factor to watch, and he expects it to reach 900,000 vehicles despite skepticism and competition.

• Tesla's fast growth makes it difficult to accurately estimate delivery numbers for a single year, but the company's compound annual growth rate over a multi-year period is estimated to be around 50%.