Unlock AI-Powered Stock Picks for Under $8/Month: Tesla (TSLA) Stock Continues to Surge in July – What to Expect After Earnings Report

Tesla (NASDAQ: TSLA) has been on a roll this month, bouncing back from a slow start in 2024. The company outpaced production in Q2, delivering more vehicles than in Q1. Analysts have mixed forecasts for Tesla’s earnings, but the stock price could see some volatility after the report.

Elon Musk’s announcement about Tesla’s humanoid robots entering production next year has fueled pre-earnings bullishness, with the stock jumping 5% and surpassing the $250 mark. However, analysts have revised their EPS and revenue estimates downwards for the second quarter, signaling potential post-earnings volatility.

While short-term projections suggest a decline in EPS by year-end, long-term growth forecasts remain positive. Technical analysis shows that Tesla’s stock is at a critical point, with key levels to watch for potential breakouts.

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In conclusion, Tesla’s upcoming earnings report could impact its stock price significantly. It is essential to stay informed about key levels and indicators to make informed investment decisions. Subscribe to InvestingPro for expert insights and recommendations on navigating the financial markets. Title: Expert Investment Manager Reveals Top Financial Market Insights for Maximum Returns

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