Why Tesla Shares Are Rising Ahead of the Company's Earnings Report and Elon Musk's Critical Earnings Call
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Tesla shares rose nearly 5% ahead of its first-quarter earnings report, with analysts projecting earnings of $0.39 on $21.11 billion in revenue. Investors are focused on guidance and updates on future initiatives, including the cybertruck and self-driving cars. CEO Elon Musk's recent controversies have raised concerns about the brand's image, with a CNBC poll showing 47% of Americans view Tesla negatively. Despite the stock's rise, caution is advised due to potential market reactions and ongoing challenges in the EV sector.
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