TESLA 300 AFTER EARNINGS ? 3 STRONG REASONS !!
Strong EV Market Position:
Tesla’s electric vehicles (EVs) remain popular, with the Model Y and Model 3 ranking among the top-selling vehicles in the U.S. in 2023. Even as legacy automakers enter the market, Tesla’s success suggests continued consumer preference for its vehicles.
Cybertruck:
Tesla’s long-awaited Cybertruck could be a game-changer. Pickup trucks have high gross profit margins, and if Tesla prices the Cybertruck right, it could boost their overall profitability1.
Regulatory Credits and Rebates: As Europe tightens regulations on internal combustion engine (ICE) cars, Tesla may receive more regulatory credits (from competitors like Fiat) going forward.
Full Self-Driving (FSD) Technology: Analysts estimate that Tesla’s FSD technology could potentially raise earnings per share by $1-$2 annually through the end of the decade.