Tesla reports earnings today: What to expect from Musk's third quarter - Business Insider

"We had been of the view that China was likely a driver of the sequential growth in 3Q given that Tesla had been ramping its Shanghai factory and due to the fact that SensorTower data showed an increase in downloads of the Tesla app in China," Goldman Sachs analysts said this week.

"However, recent data per CPCA suggests that Tesla's deliveries in China were flattish in September vs. August," the analysts said. "This is unusual in our view as Tesla typically has back-end weighted deliveries, and while it may be due to a pause in production for factory improvements, we believe that regional drivers will be a topic to better understand from the EPS report, especially given how large the China market is.

Shares of Tesla are up more than 390% this year in a run that's minted the company as the world's most valuable automaker by market cap. It's not clear how much more room there is to run, though, as analysts turn sour on the name amid its tear. Only 8 of 27 polled by Bloomberg have a buy rating on the stock, with an average target price of $320 — 24% below current trading prices.A recap of all things electric vehicles, ride-hailing, airlines, and more.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A tour inside a 3D-printed home that took one week to build - Business InsiderThis company is building 3-D printed, small homes on existing residential properties to fight back against California's housing shortage. Look inside a unit that was move-in ready in one week.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Q3 Media Earnings Season Puts Streaming Center StageQ3 earnings season is in full swing and the media industry is up next to deliver financial results in the coming weeks. VIP media analyst and correspondent heidi_chung lays out three key themes to keep an eye on
Source: Variety - 🏆 108. / 63 Read more »

'Stronger than ever': Here's what 4 Wall Street banks expect from Netflix's 3rd-quarter earnings report | Markets Insider
Source: BusinessInsider - 🏆 729. / 51 Read more »

Here's what every major analyst said about Netflix's disappointing earnings reportNetflix reported slowing subscriber growth in its third-quarter earnings report on Tuesday after the bell but Wall Street analysts said it's a buying opportunity. Pro Did Jim Cramer comment? Because he’s a hack. firejimcramer Pro Shoulda listened and got rid of cuties like we said Pro Should have never cut That 70’s Show
Source: CNBC - 🏆 12. / 72 Read more »

Netflix earnings: Watch these two levels carefully ahead of the much-anticipated report, trader saysWith Netflix's third-quarter earnings report on deck, two traders break down their expectations for the streaming giant's results.
Source: CNBC - 🏆 12. / 72 Read more »