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Hold Tesla (TSLA) Through Earnings?
Tesla (TSLA - Free Report) is reporting its Q2 earnings after the bell on Wednesday, July 22nd.
TSLA has driven up faster and further than anyone could have predicted. Tesla fanboys, gamblers, and FOMO investors have propelled these shares to seemingly unsustainable highs.
Investors are anticipating Tesla to report its 4th consecutive profitable quarter, but will Musk and his EV giant be able to produce. Sell-side analysts think not.
According to Zacks Consensus estimates, TSLA is expected to report an EPS of -$0.49 and its worst sales in 5 quarters. If analysts are right, this stock has sizable downside potential.
For those with a heavy TSLA exposure, I would consider pulling profits before earnings.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>