The post ChatGPT-4o predicts Tesla stock price after Q2 earnings appeared on BitcoinEthereumNews.com.

Earnings season is heating up, with electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) among those set to announce its performance for the second quarter. Notably, results scheduled for June 23 will provide updates on electric vehicle demand and offer insights into the sector’s recovery after an early-year slowdown. In anticipation, Tesla’s stock has been one of the top performers recently, with monthly gains exceeding 30%. TSLA shares have successfully breached the $200 resistance zone and are targeting $250. At the last market close, TSLA stock price was valued at $239. Tesla stock price chart. Source: Google In the meantime, Tesla is showing bullish signals in the pre-market. The stock is up 2% ahead of the market opening, trading at $244.  Tesla pre-market stock price. Source: NASDAQ Analysts project Tesla will report earnings per share (EPS) of $0.61, down from $0.91 in the same quarter last year, with revenue expected to reach $24.3 billion. This suggests a tempered performance compared to previous quarters, but the recent 31% rally in Tesla’s stock over the past month indicates some optimism is already priced in. Tesla’s Q2 2024 production and delivery numbers showed strong performance, with 443,956 vehicles delivered and 410,831 units produced, marking a significant increase from Q1 2024. These figures underscore Tesla’s solid growth and bolster confidence in meeting its annual goal of 2 million EV deliveries. ChatGPT-4o predicts TSLA stock To gauge how the stock might perform post-July 23, Finbold consulted OpenAI’s advanced artificial intelligence (AI) tool, ChatGPT-4o. According to the AI platform, if Tesla surpasses the EPS and revenue estimates, a positive reaction could drive the stock up by 3-5%, potentially reaching $246-$251. Favorable forward guidance, especially on the 2 million delivery target for 2024, could push the stock even higher, possibly hitting $255 or more. Conversely, missing EPS or…

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Filed under: News - @ July 22, 2024 5:26 pm