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Tesla Stock Price Surges Ahead of the Quarterly Earnings

Posted: Wednesday, October 20th, 2021

Estimated Reading Time: 2 minutes

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Tesla (NASDAQ:TSLA) investors await the Q3 2021 earnings scheduled to be released today. The market expects EPS of $1.61 on the quarter.

Tesla stock price is on a tear higher, threatening to make a new all-time high. Investors prepare for the Q3 2021 earnings call and the expectations on the quarter are that the company will deliver EPS of $1.61.

This year, Tesla was on the news as it was one of the first U.S. corporations that invested in Bitcoin. Now that Bitcoin rallied close to a new record-high level, the surge in the Tesla stock price should not come as a surprise.

So far in the trading year, Tesla stock price is up +22.48% and over +100% in the last twelve months. Tesla does not pay a dividend, and it is part of the S&P 500 index.

Tesla Stock Price

What Do Analysts Expect from the Tesla Stock Price?

Not everyone is bullish Tesla. In fact, most of the analysts have neutral ratings – 42 out of the 94 analysts that cover Tesla stock price.

Short interest in the Tesla stock price declined this year, as investors bought the dip. However, only 32 analysts have buy ratings for Tesla stock price, while 20 have issued sell ratings.

Tesla Stock

One of the houses with a bearish view is Barclays Capital. It recently maintained its sell rating with a target of $300. On the bullish side, Goldman Sachs maintains its buy rating, with a price target of $875.

Tesla’s annual revenue estimates for 2021 are $51.05 billion, and for 2022 the company is expected to report $67.93 billion in revenue.

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