After the close today, Tesla (TSLA) is scheduled to report Q3 earnings. A conference call is set to follow at 5:30 p.m. E.T. After ripping to all time highs on September 1, the stock cooled off and has traded within a $425-$450 range over the past couple of weeks.
For the quarter, analysts are expecting the electric vehicle maker to post EPS and revenue of $0.60 and $8.29 bln, respectively.
One caveat is that last quarter's blow out EPS result was inflated by record regulatory tax credit sales of $428 mln.
In Q2, Model 3 and Model Y combined deliveries totaled 80,277, up 5% sequentially, which is quite impressive relative to other auto makers which struggled with double-digit declines.
On October 2, TSLA disclosed that it delivered nearly 140,000 vehicles in Q3, slightly above the 136K consensus estimate.
The current consensus for FY20 deliveries is ~480K.
TSLA's expectations regarding the Cybertruck production timeline will also be important. Just prior to the company's "Battery Day" event in September, CEO Elon Musk tweeted "... This affects long-term production, especially Semi, Cybertruck & Roadster, but what we announce will not reach serious high-volume production until 2022."
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