Tesla Earnings Disappoint; Analyst Ives Calls Results Mini Disaster But Remains Bullish Long-Term Despite Production Challenges

Tesla reported disappointing Q3 results, missing revenue and EPS estimates. Auto margins also fell short of expectations.

Wedbush analyst Daniel Ives thinks Tesla margins should improve but remains concerned about ongoing price cuts.

Ives called the earnings call a "mini disaster", citing Elon Musk's caution on production challenges ahead.

Cybertruck production has started but will be negative cash flow for 12-18 months per Musk.

Despite short-term hurdles, Ives still bullish on Tesla next 12-18 months, though he lowered his price target to $310.