Tesla Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Insights - Tesla, Inc. is set to release its second-quarter earnings results on July 23, with expected earnings of 40 cents per share, a decrease from 52 cents per share in the same period last year [1] - The projected quarterly revenue is $22.13 billion, down from $25.5 billion a year earlier [1] - Tesla has missed analyst revenue estimates for three consecutive quarters and six out of the last seven quarters [2] Analyst Ratings - Goldman Sachs analyst Mark Delaney has maintained a Neutral rating and reduced the price target from $315 to $285 [4] - Mizuho analyst Vijay Rakesh has kept an Outperform rating but lowered the price target from $390 to $375 [4] - William Blair analyst Jed Dorsheimer downgraded the stock from Outperform to Market Perform [4] - Canaccord Genuity analyst George Gianarikas maintained a Buy rating with a price target of $303 [4] - Argus Research analyst Bill Selesky downgraded the stock from Buy to Hold [4]