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Tesla Bull Cuts Stock Target, Slashes His Estimates. There Are Too Many EVs.

Por: MarketWatch Business January 22, 2024

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That isn’t what investors want to hear. Tesla reports fourth-quarter numbers on . Wall Street expects fourth-quarter earnings per share of 73 cents, according to FactSet, and $3.07 for the year. For 2024, Wall Street expects earnings per share of $3.71. Jonas sees 2023 earnings per share at $3.02, but has cut his 2024 number to $1.98 from $2.41. That is a significant cut. It is the lowest 2024 estimate on Wall Street, according to FactSet. His... + full article



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