TESLA Q2 2020 EARNINGS PREVIEW | POTENTIAL PROFIT?
Tesla stock soared above $1500 per share for the first time today. It now has a market capitalisation of $280+ billion dollars, making it the largest automobile company on the planet.
It shows no signs of slowing down and has received stock price target upgrades from WedBush and JPMorgan.
Data compiled by FactSet estimate revenue to be $5.2 billion for Tesla with a low estimate of $2.77 billion (lol) and high estimate of $6.25 billion.
Elon Musk recently announced confidence that Tesla will have the basic functionality for level 5 autonomous driving by the end of 2020. This, combined with a host of other news, has lead to a short squeeze in Tesla's stock price.