TSLA Q3 Earnings Preview: Grab rewards by guessing the opening price!
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$Tesla (TSLA.US)$ is releasing its Q3 earnings on October 23 after the bell. Unlock insights with TSLA Earnings Hub>>
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Since its Q2 2024 earnings release, shares of $Tesla (TSLA.US)$ have seen a decrease of 10.34%.![]()
How will the market react to the upcoming results? Make your guess now!
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● An equal share of 5,000 points: For mooers who correctly guess the price range of $Tesla (TSLA.US)$'s opening price at 9:30 ET October 24 (e.g., If 50 mooers make a correct guess, each of them will get 100 points.)
(Vote will close on 6:00 ET October 24)
● Exclusive 300 points: For the writer of the top post on analyzing TSLA's earnings prospects.
Read more >> Earnings season insights: understanding earnings reports to capture market opportunities
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1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
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104712493 : Tesla's upcoming earnings prospects typically depend on several factors, including:
Strong Delivery Numbers: If Tesla reports higher-than-expected vehicle deliveries, it could boost investor confidence and share prices.
Improved Profit Margins: Enhancements in production efficiency or cost reductions could lead to higher profit margins, positively impacting earnings.
New Product Launches: Announcements regarding successful launches or updates on upcoming models (like the Cybertruck) could generate excitement and future sales prospects.
Expansion into New Markets: News about entering new geographic markets or expanding production capacity can signal growth potential.
Energy Sector Performance: If Tesla’s energy products (like solar and battery storage) show strong sales, it could diversify revenue streams and improve overall earnings.
Positive Guidance: If management provides optimistic future guidance regarding production, sales, or new technologies, it could boost stock prices and investor sentiment.
Favorable Economic Conditions: If the overall economic environment is supportive of EV adoption, it could enhance growth prospects.
These factors could all contribute to a favorable outlook for Tesla's earnings report.
102362254 : Tesla’s upcoming earnings report is expected to show strong revenue growth, supported by rising vehicle deliveries and a booming energy segment. However, production costs and price cuts may pressure profit margins. Market reactions mostly depends on Tesla's guidance on managing costs and future production strategies. I hope and guess it will open above 240![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102332870 : Guidance is more impt that actual deliveries as Q3 deliveries already known. Margin also impt, and if any Model 2 announcement (I think most impt factor for immediate spike)
mr_cashcow : I just wanna say the cybervan looks so cool and futuristic! They should serve toast inside the van![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
104065051 : fuessibg the financial results showing only an 8% increase in the stock price, the performance was dampened by disappointing feedback on the new product and uncertainty surrounding the timeline for the FSD (Full Self-Driving) license approval.
每天都在學習中 : It seems a bit difficult to rise... It may be hard to go up again in the short term.$Tesla (TSLA.US)$ $240
101681940 : Good
ZnWC : Thanks for the event![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
My bet is above 240 after market close.
1) Tesla delivered a total of 462,890 vehicles in Q3 2024, comprised of 439,975 Model 3/Y and 22,915 Model S/Model X/Cybertruck/Semi. These numbers were enough for Tesla to become the world’s largest seller of battery electric vehicles (BEVs) in Q3 2024, exceeding Chinese automaker BYD. In the same period, BYD sold 443,426 BEVs.
2) Tesla Q3 Deliveries At 463K +6.4% YoY and +4.3% QoQ
3) Tesla Q3 Earnings Estimate
3.1 Automotive Revenue increases modestly YoY driven by Cybertruck and volume with partial offset by pricing.
3.2 Total Revenue expected to increase 5.7% YoY in Q3 but decrease by 3.2% QoQ driven by lower energy deployments.
3.3 Net Income decrease primarily driven by lower energy storage deployments and lower credit sales.
3.4 EPS expected to decrease by 4% QoQ and 25% YoY to $0.50 per share implying a true P/E of 95x as of January.
3.5 Free Cash Flow (FCF) QoQ reduction driven by lack of significant inventory unwind compared to Q2 and continuing high capex spending.
4) My Take
4.1 I have mixed feelings about this earnings. Wall Street will focus mainly on the downtrend pressure on the automotive delivery and revenue. On the bright side, Tesla is still the top BEVs sellers despite what legacy media has predicted otherwise.
4.2 The recent Tesla robotaxi unveiled event (10 October) and the breakthrough in FSD V12 technology didn't impress investors and reflected negatively in share performance. The bears still view Tesla as only a car maker and argue that the company is unprofitable based on EPS and PE ratio.
4.3 Tesla share price is -12.0% YTD and +3.1% in 1 year. It really depends on what you want to believe. If you want to swing trade, please DYODD.
Tesla Q3 2024 Earnings Views and Outlook
https://www.moomoo.com/community/feed/113346278653958?share_code=01tZU6
Mr Willy from philly : 230-240
A BNMKLA : 210-220
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