Is Tesla Expected To Beat Earnings? | Earnings Preview

$Tesla(TSLA.US)$ will announce its third-quarter financial results after markets on Wednesday. After the company announced a record-high third-quarter delivery volume earlier, the outside world has expressed great expectations for the electric car manufacturer's financial performance this season.

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Earlier, according to Tesla, the company's third-quarter deliveries set a record. It represents a huge leap forward compared with the second quarter when most factories were closed due to public health incidents. Data show that the company delivered 139,300 vehicles in the third quarter, and the delivery volume increased by 53%. Even to be compared with the same period last year when the whole operation  runs in full load, its year-on-year increase can still reach an impressive 43%.

Market analysts predict that Tesla's strong sales growth will bring considerable revenue and profit growth. The company's third-quarter revenue is expected to increase by 31% year-on-year to $8.26 billion, and non-GAAP adjusted earnings per share will increase by 51% to $0.56.

Tesla has risen 430% this year. With Tesla's commitment to deliver 500,000 vehicles this fiscal year and plans to launch a $25,000 cheap electric car in the future, skeptics continue to be bearish on the stock. And before the financial report was announced, the company still troubled by negative news like the cancellation of the 7-day unreasonable return policy, which more or less shakes investor confidence. It is believed that the company’s third-quarter financial report will once again arouse enthusiastic responses, and whether the stock price can continue to rise will also depend on its performance.