) is set to report its third-quarter results on Wednesday, October 23, amid rising investor anticipation for a positive catalyst that could revive the stock following a post-Robotaxi Day slump.
Barclays believes that Tesla's focus has shifted back to fundamentals, with investors looking for clues about margin recovery and volume stability. Barclays pointed out that volumes are likely to remain flat year-over-year in 2024 and emphasized the importance of Tesla's next major product launch. "Beyond 3Q EPS, the outlook is somewhat more uncertain," the note stated. The potential success of Tesla's AV/AI strategy also remains a mixed bag, with Barclays highlighting the lengthy timeline required to achieve scale and profitability in autonomous technologies.Scan QR code to install app
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