What's new: Following Tesla’s earnings release and conference call on Wednesday, we are raising our 2023E and 2024E EPS estimates to $3.50 and $6 from $3.30 and $5.80. The increase is led by improved profitability at non-auto businesses and despite assuming a lower automotive gross margin. We see 2023 as a transition year, where gross margins will find a bottom in the 1H and we get increased visibility on cost reductions that will enable EBIT margin expansion to the high-teens range in 2024. We maintain our 2/Outperform rating and raise out target to $200 from $145. Download...
Trending
- NEW: Jordan Peterson Most FIERCE Debate: Greta Versus Peterson
- Immortality Pill: My Plan To Reverse Aging
- LEAKED: BINANCE Is Going Bankrupt (Corruption)
- Palantir Foundry for Energy | From Time Series Data to Real-World Action
- TIKTOK CEO Admitted To WHAT?!?
- Jordan Peterson CONFRONTED Greta Thunberg (Guess What Happens Next)
- Palantir: Company That Changed The Tide of War in Ukraine
- Marius Schober: Private Investing, Psychedelics, Longevity & Skipping Death, Life & Philosophy