Latest news with #Levy
Business Insider
18 hours ago
- Automotive
- Business Insider
Tesla (TSLA) Is About to Report Q2 Earnings. Here's What to Expect
Electric vehicle (EV) maker Tesla (TSLA) is scheduled to report its second-quarter earnings after the market closes on Wednesday, July 23. TSLA stock has declined 19% year-to-date, reflecting investors' concerns about weak sales amid intense competition in the EV space, margin pressures, CEO Elon Musk's political ambitions, and the loss of Federal EV credits. Wall Street expects Tesla to report earnings per share (EPS) of $0.39, reflecting a 25% year-over-year decline. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Analysts expect the company's bottom line to be impacted by a 13% decline in revenue to $22.19 billion and lower margins. As seen in this chart from Main Street Data, Tesla's Q2 deliveries declined 13.5% year-over-year to around 384,120 vehicles. Investors will look forward to management's commentary on the demand backdrop in the EV space amid tough macro conditions and growing competition, the launch of low-cost EV models, further rollout of robotaxis, and the changing regulatory landscape. Analysts' Views Ahead of Tesla's Q2 Earnings Heading into Q2 results, Cantor Fitzgerald analyst Andres Sheppard reiterated a Buy rating on Tesla stock with a price target of $335. The 5-star analyst updated his Q2 estimates to reflect Tesla's deliveries and lower-than-expected deployment of energy storage products in the quarter. Sheppard expects Q2 revenue to come in at about $21 billion, down from his prior estimate of $24.1 billion. Interestingly, Sheppard kept his 2025 and 2026 annual revenue and EPS estimates intact. The analyst views the company's robotaxi business as a 'software-as-a-service, high-margin model,' and expects it to have the ability to rapidly scale following commercialization. Sheppard remains confident about Tesla's ability to capture a significant share of the autonomous driving and ride-sharing industries. Meanwhile, Barclays analyst Dan Levy reiterated a Hold rating on Tesla stock with a price target of $275. Interestingly, Levy believes that even as the company faces 'increasingly weaker fundamentals,' TSLA stock could outperform following Q2 results as investors focus on long-term robotaxi ambitions. The analyst added that Tesla's Q2 earnings call presents an opportunity for the company's robotaxi/autonomous vehicle (AV) narrative to shine. He thinks that Musk might discuss fleet growth targets or expansion plans during the call. While Levy expects a slight sequential improvement in Tesla's auto gross margin (excluding regulatory credits), he cautioned that margins will likely remain depressed compared to prior years. The analyst also noted the decline in Tesla's full-year EPS estimate from over $3.20 at the beginning of the year to $1.84. Levy believes that the expected delay in the launch of Tesla's low-cost model could also weigh on investor sentiment. AI Analyst Is Bullish on Tesla Stock Ahead of Q2 Print TipRanks' AI stock analysis reflects an Outperform rating on Tesla stock with a price target of $351, reflecting a 6.85% upside potential. The AI analyst rating is based on strong financial performance and favorable aspects highlighted during the Q1 earnings call. However, technical indicators are mixed and valuation looks elevated. Options Traders See Major Movement in TSLA Stock on Q2 Earnings Using TipRanks' Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don't worry, the Options tool does this for you. Indeed, it currently says that options traders are expecting about a 7.36% move in either direction in Tesla stock in reaction to Q2 results. Is TSLA Stock a Buy or Sell? Given the ongoing challenges, Wall Street has a Hold consensus rating on Tesla stock based on 13 Buys, 13 Holds, and eight Sell recommendations. The average TSLA stock price target of $299.52 indicates a downside risk of 8.8% from current levels.
Sky News AU
a day ago
- Politics
- Sky News AU
Hamas needs to ‘relinquish power' otherwise the ‘clock ticks' towards the next war
Former Israeli Government Spokesperson Eylon Levy says Hamas needs to 'give up power' if a ceasefire is to exist. 'Foreign ministers are looking for a quick fix instead of addressing the real challenging questions,' Mr Levy told Sky News host James Macpherson. 'After the October 7 massacre, Australia called for a ceasefire and said it can only be sustainable if Hamas relinquishes power. 'We know that a ceasefire that leaves Hamas in place just starts the clock ticking towards the next war. 'What we need now is pressure on Hamas to accept a temporary ceasefire, and let some of the hostages go, and then we can have negotiations over a permanent settlement.'
Sky News AU
a day ago
- Politics
- Sky News AU
‘Pressure Hamas to take the ceasefire': Hamas accused of ‘hijacking' aid from Palestinians
Former Israeli Government Spokesperson Eylon Levy says Hamas 'views human life as expendable' and is 'hijacking and taxing' aid brought into Gaza to help Palestinians. 'It's important this war ends permanently, and it can only end permanently if Hamas is removed from power or the next war will be a matter of time,' Mr Levy told Sky News host James Macpherson. 'Hamas must be defeated in this war because Hamas can never be left free to launch another war again. 'If you want this war to end, you need to lay the blame … at the feet of the terrorist organisation that started this war.'
Sky News AU
a day ago
- Politics
- Sky News AU
‘This is a disaster': Nations calling for Gaza ceasefire are neglecting Hamas is the obstacle
Former Israeli Government Spokesperson Eylon Levy has discussed the 25 countries who have joined to call for the end of the war in Gaza, calling it a 'disaster'. Mr Levy claims the countries agreeing to sign a letter calling for the immediate and unconditional ceasefire in Gaza are sabotaging 'very sensitive ceasefire talks'. 'Hamas is blocking a ceasefire,' Mr Levy told Sky News host James Macpherson. 'When negotiating a ceasefire, and the pressure needs to be on Hamas, not on Israel, because that's just encouraging Hamas not to agree to a ceasefire, and dig in even deeper.'
Hamilton Spectator
a day ago
- Business
- Hamilton Spectator
Why Rogers' new satellite-to-mobile messaging service could be a pivotal moment in public safety
A first-of-its-kind service in Canada that connects mobile phones to low-orbit satellites could be a game changer for residents without cell service in remote areas of the country, as well as a pivotal moment in public safety. The satellite-to-mobile service , announced by Rogers last week, will allow subscribers without traditional cell service to send and receive text messages, including text-to-911 emergency services if they are enabled by municipalities. Rogers will eventually expand the technology to support apps, data and voice services. Once voice service is available, it will mean that anyone with a smartphone featuring satellite connectivity, available in newer models, will have access to 911-only voice services, not just subscribers. The technology could fill gaps in cell service across the country. Until last year, the Village of Clayton, southwest of Ottawa in Lanark Country, was in a so-called 'dead zone.' Clayton got its first cell tower in June last year. Five more towers are needed to provide coverage to all rural residents and roads. 'We had an incident one time where someone had a cardiac arrest at a ball field,' said Kurt Greaves, the chief administrative officer for Lanark County, who said bystanders had difficulty contacting paramedics. 'You don't realize how much you rely on everybody having 911 in their pocket until you actually need it.' 'Anytime you can improve communication it's fantastic,' said Greaves. The technology also has the potential for use as part of Canada's National Public Alerting System, which enables emergency management organizations across the country to send public warnings about impending danger or disasters. The 'Holy Grail' of Rogers satellite-to-mobile technology, said Carmi Levy, an independent technology analyst, is a fleet of nearly 8,000 low-orbit satellites operated by SpaceX's Starlink that fly about 550 kilometres above Earth. Premier Doug Ford cancelled a $100-million contract to provide satellite internet to 15,000 remote homes and businesses in Canada with Starlink, owned by Elon Musk, in March in retaliation for the Trump tariffs. Levy said the sheer number of satellites, combined with their proximity to Earth, means that users can connect in real time when compared with traditional satellites, which orbit at 35,000 kilometres, severely limiting their usability because of delays in bouncing the signal up and then back down. Traditional satellite phones have 'been seen only as a stopgap solution until better technology is available,' said Levy. 'This is that better technology.' A U.S. company, Lynk Global, provides the final piece of the puzzle, converting the satellite signal into one that is compatible with a cellphone. Rogers is offering the service to all Canadians regardless of their mobile carrier — for example a Bell subscriber who wants to sign up for the satellite-to-mobile technology because they don't have cell service at the cottage — through a free beta trial that will run until October. The technology is only necessary in places without cell service because smartphones default to cell in areas with coverage. There are limitations though. Users need a clear view of the sky as well as a fairly new cellphone that has been satellite optimized . Currently, the service is available south of the 58th parallel, which excludes Canada's northern territories. The CRTC directed telephone and wireless companies to upgrade their systems to allow text-to-911 service, which they have done, according to the CRTC. But 911 call centres, operated provincially and municipally, would also have to upgrade their systems to enable the service, which is typically meant for use by hearing- or speech-impaired Canadians. The announcement though couldn't be timelier, coming out on the same day as news from the Canadian Radio-television and Telecommunications Commission that is it holding public consultations to improve Canada's National Public Alerting System, including ways to fill gaps in the system. The commission was unaware that Rogers was launching the new service, but said in an interview that the technology could potentially be used to send out alerts, which are disseminated by a company called Pelmorex Corp., owned by the Weather Network. Pelmorex sends alerts via television and radio, as well as cell broadcasts, a mobile technology that sends messages to compatible wireless devices within a geographic area, which is a different technology than the text messaging being offered by Rogers Satellite. But the CRTC is open to discovering whether the new technology is compatible, which Rogers says it is. ' Definitely as part of this consultation, we want to learn from the industry on what are the technical aspects that need to be solved in order to extend those alerts to other technologies, including satellite,' said a CRTC spokesperson. Critics have called for a review of the alert system, which was under intense scrutiny for not being used by the RCMP in 2020 in Nova Scotia during a shooting rampage in which 22 people were killed. 'Our concern is not so much that there will be another terrible incident,' said Monica Auer, executive director of Forum for Research and Policy in Communications, which has called for a review, 'but rather it is incumbent on the regulatory authority to actually let us know how well the system is working, and to do that regularly.' In his interview with the Star, Levy recounted driving through a massive storm on the Trans-Canada Highway near Sault Ste. Marie recently and only realized, when he hit an area with cell service, that alerts had been issued for tornadoes. 'There are so many areas across Canada that literally do not have service,' said Levy. 'And that is a massive problem that is not talked about as much as it should be,' he said. 'Solutions like Rogers Satellite help close that gap and shine the light on this gnawing problem in rural parts of Canada.' The satellite-to-mobile technology launched by Rogers has been in use in a number of markets around the world including the U.S., New Zealand, Japan and Australia. Rogers said it is working with its partners to enable voice as quickly as possible and will share updates of the system with its customers.
