Tesla: Can Q3 Earnings Spark a Rebound After Recent Setbacks?

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 51 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 53%

Alphabet Inc Class A Berita

Baidu Inc,Tesla Inc,Alphabet Inc Class C

Stocks Analysis by The Tokenist (Timothy Fries) covering: Alphabet Inc Class A, Baidu Inc, Tesla Inc, Alphabet Inc Class C. Read The Tokenist (Timothy Fries)'s latest article on Investing.com

) is scheduled to deliver its Q3 2024 earnings after market close ). Throughout the year, Tesla failed to exceed earnings per share estimates, with the last one in Q2 having delivered a negative 8.7% surprise at $0.42 reported vs $0.46 EPS estimated.

In turn, Tesla would no longer be just a luxury EV company, but one that has recurring cash flows from the robotaxi service. Such a transition would propel TSLA's valuation to the roof. Elon Musk nailed it to around $5 trillion market cap, which would be 624% up from the present market cap of $690.5 billion.

Hinting at more technical issues with Tesla’s FSD, CNEVPOST recently reported more delays for FSD launch in China, beyond the expected Q1 2025. Moreover, even if both conditions are satisfied – FSD and regulatory approval – Tesla would have to make the vehicle affordable as the primary requirement. According to FactSet, analyst consensus points to just a slight gross margin improvement , at 14.7% vs 14.6% in Q2.On Monday, Wedbush Securities analyst Dan Ives noted that Musk’s outlook for Q4 and 2025 will likely play a bigger role than Q3 figures themselves. For the upcoming quarter, Ives expects “some slight upside likely on the margins front showing a bottoming on this key metric.”

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 450. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Tesla Plus 2 More Stocks Worth Holding in the Upcoming Holiday SeasonStocks Analysis by The Tokenist (Timothy Fries) covering: Best Buy Co Inc, Tesla Inc, Wayfair Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

3 Stocks With Heavy Short Interest in October: Worth the Squeeze?Stocks Analysis by The Tokenist (Timothy Fries) covering: Children’s Place Inc, CompoSecure Inc, CN Energy Group Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

3 Stocks Insiders Are Buying Heavily in October and WhyStocks Analysis by The Tokenist (Timothy Fries) covering: AngioDynamics Inc, Tile Shop Holdings Inc, Eton Pharmaceuticals Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »