Moo Earnings wrote a post · Oct 18, 2022 05:13

Tesla Q3 2022 Earnings Preview - Betting the % change in closing price to win!

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Place your Bet on TSLA's percentage change in closing price (e.g.+3%) of October 20 ET by 3:00 PM, October 20 ET. The mooer with the closest bet will win 300 points!

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The 10th, 20th, 30th, 40th and so on mooers to comment will get 30 points.

Dear mooers,

Tesla plans to report its latest results for the quarter ended September 2022 on October 19 after the U.S. markets close! The consensus estimate for revenue is expected at $22.5 million, indicating a nearly 63.7% YoY growth. The EPS is estimated at $1.05 for this quarter.

Earlier this month, Tesla released that it produced over 365,000 vehicles and delivered over 343,000 vehicles during the third-quarter of this year, missing expectations and setting a stage of possible revenue miss in this quarter. According to Tesla, with the growing production volumes, securing vehicle transportation capacity and at a reasonable cost during peak logistics weeks are becoming increasingly challenging. In Q3, Tesla began transitioning to a more even regional mix of vehicle builds each week, which led to an increase in cars in transit at the end of this quarter.

In addition to the deliveries miss, high costs of raw materials are also expected to have remained pain points. But on a brighter angle, Tesla has benefited from increasing the average selling price (ASP) of offerings to pass the burden of escalating input costs to consumers. The Model Y, by about $3,000. The Model X and S, saw even more significant price increases. It's reasonable to believe that Tesla might have managed to offset most of the production loss and inflationary commodity pressure in the third quarter.

Earnings growth will be in focus, while the global economic backdrop has been rocky this year. The upcoming earnings results might offer more information and create more trading opportunities!

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Tesla Q3 2022 Earnings Conference Call

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