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Barchart
Mohit Oberoi

Tesla Q1 Earnings Preview: Why It’s Hard to Be Bullish on TSLA Stock

Elon Musk Tesla Inc.

Tesla (TSLA) will release its first-quarter earnings tomorrow, April 22, after markets close. The Elon Musk-run company is heading into the confessional as one of the worst S&P 500 Index ($SPX) stocks, with a year-to-date drawdown of over 40%.

Tesla is the first constituent of the “Magnificent 7” to report its quarterly earnings – a group it is underperforming badly this year. While such massive underperformance ahead of earnings usually sets the stage for a “positive surprise,” it is hard to be bullish on TSLA stock ahead of its Q1 report.

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