Following the market's close, Tesla (TSLA) is set to announce its Q3 earnings, with a subsequent conference call slated for 5:30 p.m. ET.

It's anticipated that Tesla will publish its earnings report on its website's Investor Relations section around 4:05 p.m., soon after which a press release will be issued.

The present consensus estimate from FactSet predicts an EPS of $0.73 and revenues of $24.2 bln.

Just as in recent quarters, a primary focus will be on the gross margin, more so given Tesla's recent price reductions in both the U.S. and China.

Q3 saw a drop in deliveries, totaling 435K, falling short of projections and marking an 8% decline from the previous quarter.

Tesla attributed this downturn to factory disruptions impacting production. Nevertheless, with these delivery shortcomings coinciding with additional price slashes and Tesla's inventory at increased levels, it seems plausible that a dip in demand might also share some responsibility.

Inventories are another metric to watch this quarter.

Despite not meeting the Q2 delivery estimates, Tesla maintained its FY23 production goal of 1.8 million vehicles.

Cybertruck:

Updates regarding the repeatedly deferred Cybertruck launch will also be keenly awaited. Earlier in October, the Wall Street Journal indicated another potential delay for the Cybertruck. While its debut was initially planned for 2021, Elon Musk later hinted at a Q3 release. However, the promised delivery event Musk referred to in April remains unrealized, leaving investors and potential buyers in suspense.

TECHS:

TSLA currently trades at a forward P/E of almost 60x, Tesla's stock remains considerably pricey, especially in light of shrinking margins.

Yet, given the lowered expectations this earnings season, any performance surpassing anticipations might invigorate the stock.

JOIN NOW

If you liked this content please click the ❤️ below and/or share this post.

SHAMLESS PLUGS

CLICK HERE TO CHECK OUT MY 2022 PREVIEW OPINION PACKET. OVER 80 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.

TOTALLY FREE Trading Packet!

Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.

This packet will explain to you in depth how I trade and how I manage my risk.

I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.

Cyber Trucked (TSLA Earnings)