Today is hump day, but any tuned-in market watcher will be ignoring camels and monitoring cars on this Wednesday. I’m senior reporter Phil Rosen, here to ring in a pivotal Tesla earnings report with you this morning. While Elon Musk faces lawsuits in San Francisco for his infamous "funding secured" tweet, his net worth has skyrocketed nearly $11 billion this week. But his wealth — and the wealth of his shareholders — could whipsaw today, depending on what comes across in a particularly important earnings report. If this was forwarded to you, sign up here . Download Insider’s app here. Elon Musk 1. Everyone knows Tesla took a bludgeoning in 2022. But amid the bearishness (not to mention distractions from Twitter), Elon Musk’s car maker is still a favorite on Wall Street. FactSet data shows that 64% of analysts give Tesla stock a "buy" or "overweight" rating. That’s the highest proportion since 2014. The median target price estimate for Tesla is $194 — which represents roughly a 25% upside from current levels. For Wedbush’s Dan Ives, today marks one of the most important moments in Tesla’s history. The stock has plenty of upside for 2023 , but Ives believes […]
Click here to view original web page at www.businessinsider.com
