Two of the prominent companies in the market are looking to post their earnings this week; analysts are looking to expect great performance from Tesla whilst Snapchat’s forecasts continue to loom in the bleaker side as quarter snippets continue to point to a lower report.
Last week, Tesla managed to climb as the massive anticipation from most analysts are mostly positive and are looking for a great quarter performance from the automaker as it continues to dominate the market and curb out a lot if its production issues. Meanwhile, Snapchat forecasts continue to stumble as Facebook (NASDAQ:FB) takes a huge chunk of the market with new bells and whistles.
Snap (NYSE:SNAP)
Furthermore, Snapchat continues to sink into criticism about their new design and its possible integration. According to reports, a lot of investors and analysts are still looking for a massive makeover or a do-over from the company as it continues to fall off in the market.
Snap’s pre-quarter report continues to drag its share down as negative anticipation continues to drown the company into the market; the company’s shares dipped by a total of 2.82% prior to the report earnings. Snap’s CEO Evan Spiegel noted that “The one thing we have heard over the years is that Snapchat is difficult to understand or hard to use,”
A lot of assessment and evaluation from different analysts and in the market, in general, has been leading to a massive redesign as the Snap’s current ecosystem continues to be overly saturated by bigger brands such as Instagram and Facebook. The overhaul is speculated to give a huge push for the company as it continually falters in the market.
Tesla (NASDAQ:TSLA)
On the other hand, Tesla continues to dominate the market and win the heart of its investors and the market despite having flunked some of its production and shipments. The auto company is also looking to create an all-Tesla racing series as it gained the go signal from the Federation Internationale de I’Automobile or the FIA.
Furthermore, a most recent announcement from the company’s CEO hints that they are looking to send a flight to Mars. Its SpaceX label is looking to do just that. This is another headliner from the company after they broke the market with their flamethrower.
Going back to Tesla, the company is looking to curb a lot of their recent downfall, which was the production flunk which then led to massive shipment problems. One more thing that the company is looking to overcome is with their growing competition; Ferrari (NYSE:RACE) recently announced their EV endeavors, and now Porsche is also looking to enter the market with a whopping $7.4 billion investment.