Prediction: This Is How Tesla Stock Will Do After July 22
The electric vehicle company will post its second-quarter results next week.
Overview
The recent public offering of Space Exploration Technologies, also known as SpaceX, has given Elon Musk fans another investment option to consider, as Tesla (NASDAQ: TSLA) now has to share the spotlight. And at a market cap of around $1.5 trillion, it is firmly behind the rocket company, whose valuation was north of $1.9 trillion as of the end of last week.
Tesla's stock is down close to 10% for the year, and a big test for it could be how it does in its upcoming earnings report. Its latest quarterly earnings numbers are set to come out on July 22. Could they give the stock the boost that it desperately needs? Here's what I think will happen.
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Originally published at www.fool.com.