Tesla earnings: News about the Cybertruck and new factories could set the tone for 2022

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

“All signs point to another strong quarter for Tesla, which has put together an impressive streak of earnings beats (eight of the past nine quarters),” CFRA analysts Garrett Nelson said. But there have been reports the Cybertruck has been delayed.

Tesla Inc. is slated to report fourth-quarter earnings next Wednesday, with investors expecting a return of Chief Executive Elon Musk to the post-results call and bracing for what could be worrying news for the Cybertruck and supply-chain snags.

There have been reports the Cybertruck, an unconventional-looking electric pickup truck unveiled in 2019, has been delayed. The record quarterly production and sales give Tesla a “significant bottom-line leverage given the high fixed cost nature of auto manufacturing,” he said. Revenue: The analysts polled by FactSet are calling for sales of $17.0 billion for Tesla, which would compare with $10.7 billion in the fourth quarter of 2020. Estimize is expecting $17.4 billion in revenue for the quarter.

Even without that “direct guidance,” Emmanuel Rosner at Deutsche Bank is expecting a “positive update” from Tesla on growth and margins potential for 2022, and “on cadence of new product and technology.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Piper Sandler boosts Tesla estimates ahead of earnings, sees 1.5 million deliveries in 2022Tesla could deliver more than 1.5 million cars this year, according to Piper Sandler. Rose colored glasses Cybertruck? Roadster? Semi?
Source: CNBC - 🏆 12. / 72 Read more »

India, Tesla in 'weird stalemate' on tax cut demands with no investment pledge-sourcesTalks between India and Tesla Inc over potential tax benefits are deadlocked as the government is not keen to give the company any breaks without a commitment to manufacture locally, people familiar with the discussions told Reuters. Elon is always looking for a free ride.
Source: Reuters - 🏆 2. / 97 Read more »