Tesla's Q1 earnings set to be 'a bad one': Analyst

) prepares to release its first quarter earnings results, Wedbush Securities has lowered its price target on the stock, citing a demand slowdown and headwinds impacting the company's margins. Wedbush Securities Managing Director Dan Ives joins Yahoo Finance Live to explain why he believesand emphasizes that while Wall Street acknowledges this challenge, Tesla needs to"draw a line in the sand.

And our whole point is on the other side of this, the growth story is still there. But look, this is a fork in the road period for Musk to navigate. I mean, and this is going to be ripped a Band-Aid off when they report Tuesday morning.You said the other side.

You compare that to what Cook will do on the calls, Nadella, some of the other hall of famers. I'm not saying Musk is going to do that, but this is a quarter that's really going to shake some confidence. And I think that's the thing. We see it on the other side in terms of being bullish, but no doubt that's why we had to lower the price target.

I Want to Give My Daughter and Her Husband $50,000 For a Down Payment. Do I Have to Worry About the Gift Tax?

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

After IPO, Reddit 'can't please everyone,' Wedbush analyst saysAs Reddit securities began trading, one analyst says the company won’t be able to please everyone.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Rivian owners can now access Tesla's Supercharger network, shares jumpRivian (RIVN) owners can now access the Tesla (TSLA) Supercharger network, adding another automaker to Tesla's charging business, the EV-maker confirmed in a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Tesla history: Beyond the TickerOriginally inspired by General Motors (GM) ending its EV1 program, Tesla (TSLA) has become the world's leading electric vehicle manufacturer. In 2023, Tesla ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Alphabet named a 'Best Idea' at WedbushAnalysts at Wedbush Securities raised their price target on Alphabet (GOOGL, GOOG) to $175 from $160 and moved it to their 'Best Ideas List.' Analyst Scott...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Wedbush removes Netflix from 'Best Ideas' list, expects less growthMany on Wall Street are bullish toward Netflix (NFLX), with 40 Buy ratings and 16 Hold ratings. Wedbush analysts gave the stock an Outperform rating and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Rivian is 'well positioned' for future growth: AutoblogMizuho analysts downgraded EV makers Rivian (RIVN), Tesla (TSLA), and Nio Inc. (NIO) to Neutral ratings on slowing EV demand, even in Chinese markets...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »