$Tesla (TSLA.US)$ could have an exciting October to remember with third-quarter earnings, third-quarter deliveries and its Robotaxi Day.
An analyst said investors should focus on deliveries before robotaxis.
The Tesla Analyst: Canaccord Genuity analyst George Gianarikas has a Buy rating with a $254 price target on Tesla.
Read Also: Tesla Patent Shows New Automotive Assembly Process That Could Help Cut Costs: 'Efficiently Assembling Vehicles'
The Analyst Takeaways: Tesla's third-quarter delivery figures will come before its Robotaxi Day and should be the current focus from investors, Gianarikas said in an investor note titled "business before pleasure."
"Robotaxi. It's going to be a big day — bigger than the Catalina wine mixer. But before that, we have some business to attend to — the 3Q24 delivery announcement," Gianarikas said.
The analyst is lowering third-quarter delivery estimates after looking at global data.
"Despite modestly adjusting our delivery projections downward, Tesla's performance has remained relatively healthy."
Tesla's margins could also be lower in the third quarter with the company using "aggressive packages" to help with demand, the analyst added.
Gianarikas' third-quarter delivery estimate is 469,200. That's down from a previous estimate of 480,000. The analyst's estimate is higher than a consensus estimate of 458,000 deliveries in the quarter, according to the report.
"We see the continued momentum in China and attractive financing options being offered around the world as key drivers to our estimates," he added.
The analyst is leaving fourth-quarter delivery estimates of 552,000 vehicles in place until the third-quarter results are announced. "Two factors drive this forecast, he says. First, since 2019, Tesla has averaged a "20.4% q/q gain between 3Q and 4Q." Second, new vehicles could launch by the end of the year.
For the full year, the analyst sees Tesla delivering 1.85 million vehicles, down from a previous estimate of 1.86 million.
For the third-quarter financial results, the analyst lowers non-GAAP earnings per share estimates from 98 cents to 75 cents per share.
What's Next: Tesla reported second-quarter deliveries on July 2 and first-quarter on deliveries on April 2, putting third-quarter figures on pace for October 2.
The company expects to report third-quarter financial results in October, likely after the Robotaxi Day on Oct. 11. This all sets up for a huge October for the electric vehicle giant.
TSLA Price Action: Tesla stock trades at $228.97 versus a 52-week trading range of $138.80 to $278.98. Tesla stock is down 8% year-to-date in 2024.
Tesla Q2 Earnings Highlights: Revenue Beat, EPS Miss, Robotaxi Update, 2024 Growth Rate To Be 'Notably Lower' Than 2023
$特斯拉 (TSLA.US)$ 特斯拉有望在十月份以第三季度盈利、第三季度交付和机器人出租车日等活动中创造令人兴奋的回忆。
一位分析师表示,在无人驾驶出租车之前,投资者应该关注交付业务。
特斯拉分析师:Canaccord Genuity的分析师乔治·吉阿纳里卡斯对特斯拉给予买入评级,并给出254美元的目标价。
阅读更多:特斯拉专利展示了一种新的汽车组装流程,有助于降低成本:“高效组装车辆”。
分析师观点:吉阿纳里卡斯在一份名为“求业务,不求乐趣”的投资者报告中表示,特斯拉的第三季度交付数据将在无人驾驶出租车活动之前公布,应该是投资者当前的关注点。
吉阿纳里卡斯表示:“无人驾驶出租车。这将是一个重要的日子-比卡塔利娜红酒混合器更大。但在此之前,我们还有一些业务要处理-第3季度24交付公告。”
分析师在查看全球数据后,下调了第三季度交付预期。
吉阿纳里卡斯表示:“尽管我们适度地调整了交付预测,但特斯拉的表现仍然相对良好。”
分析师补充说,特斯拉在第三季度的利润率可能会更低,因为该公司采用"激进的套餐"来帮助满足需求。
Gianarikas对第三季度的交付量估计为469,200辆车,低于之前的估计值480,000辆车。根据报告,分析师的估计高于第三季度交付458,000辆车的共识估计。
他补充说:"我们认为中国的持续发展势头和全球范围内提供的有吸引力的融资选择是我们估计的关键驱动力。"
分析师在第三季度公布结果之前,暂时保持第四季度交付量的估计为552,000辆车。他说:"这个预测有两个因素。首先,自2019年以来,特斯拉在第三季度和第四季度之间的季环比增长率平均为20.4%。其次,新车可能在年底推出。"
对于整个年度,分析师预计特斯拉交付185万辆车,低于之前的估计186万辆车。
对于第三季度的财务结果,分析师将非通用会计准则下的每股收益预计从98美分降至75美分。
接下来的动向:特斯拉于7月2日公布了第二季度的交付量,于4月2日公布了第一季度的交付量,将第三季度的数据推入10月2日。
该公司预计将于10月在机器出租车日之后公布第三季度的财务结果。这为这家电动汽车巨头带来了一个重要的10月。
特斯拉股票价格动态:特斯拉股票交易价格为228.97美元,而52周交易区间为138.80美元至278.98美元。特斯拉股票在2024年至今下跌了8%。