Wall Street, Tesla and Alphabet
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Wall Street looks bearish on Tesla at first glance. And it is -- at least on average. But plenty of analysts and everyday investors remain extremely bullish.
It's sort of like a rock sitting on the edge of a cliff. If you can put enough sort of oomph into it, you can get it over the cliff, then gravity does the rest. The metaphor kind of breaks down because the stock's moving up, so the gravity seems to be pointing the other direction.
There isn’t much of a consensus among Wall Street analysts heading into Tesla’s second-quarter earnings report. Long-time investors of Tesla know that isn’t a surprise: Tesla is always a controversial stock.
Tesla investors are always thinking about the future and CEO Elon Musk. Quarterly numbers still matter, and beating Wall Street expectations is always a good thing. Tesla will report second-quarter earnings after Wednesday’s market close.
Tesla shares sank Thursday after CEO Elon Musk said the company could face a “few rough quarters” as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars.