Despite Tesla's record deliveries in the second quarter, the series of price cuts have impacted margins and Goldman Sachs analyst Mark Delaney expects Tesla to continue slashing prices in 2024 to support higher volumes, resulting in lower vehicle sales than previously anticipated in Q3 and reduced EPS estimates for 2023 and 2024.
Goldman Sachs lowers its profit outlook for Tesla due to lower average selling prices and predicts that the company may cut vehicle prices in 2024 to maintain high volumes, leading to a decrease in Tesla stock.
Wall Street's forecasts of corporate earnings are expected to decrease, which will likely impact the stock market.
Tesla may fall short of third-quarter delivery estimates due to factory shutdowns and soft demand, but analysts believe that upgrades and refreshed models in the coming months could boost sales and competition with rivals like Ford and BYD.
Tesla is set to report its third-quarter delivery figures, with high anticipation from investors despite potential weak numbers.
Tesla is expected to report its third-quarter vehicle sales, as the electric vehicle leader continues to dominate the market.
Tesla missed market estimates for third-quarter deliveries due to planned factory upgrades, causing a 2.4% drop in its shares, although the company's target to deliver 1.8 million vehicles this year remains unchanged.
Sales of Tesla electric cars declined in the third quarter due to production slowdowns, raising concerns about demand even after the company cut prices, while facing increased competition from other carmakers and new competitors like Rivian.
Tesla's deliveries in the third quarter were lower than expected, with a 6% decline from the second quarter due to planned factory upgrades and temporary shutdowns, despite the company's target of around 1.8 million vehicles in 2023.
Tesla has reduced the prices of its Model 3 and Model Y vehicles in the US by 2.7% to 4.2% in order to counter the slowing EV market and competition from other companies.
Tesla has reduced the prices of certain Model 3 and Model Y cars in the US, as it aims to increase sales after falling short of delivery estimates.
BlackRock's third-quarter earnings are expected to be lower than the previous quarter due to volatile markets, with long-term flows projected to be depressed, and analysts estimate a decline in adjusted EPS from the previous quarter and year.
Tesla is set to release its latest earnings, with options markets predicting a +/-6% move, and traders expecting the stock to trade below $229 by December.
Tesla is set to release its Q3 2023 financial results, with analysts expecting lower revenue and uncertainties about earnings, while shareholders are concerned about the company's ability to maintain high gross margins and may raise questions about future deliveries and expansion plans.
Tesla is expected to report a drop in earnings per share for the third quarter, but analysts are hopeful for a rebound in deliveries in Q4 with the new Model 3 and Cybertruck launch.
Tesla is expected to report lower earnings for its Q3 2023 due to margin contraction, while analysts have mixed opinions on whether the stock is a buy or sell, and options traders are pricing in a +/- 6.03% move on Tesla's earnings.
Tesla's upcoming third-quarter earnings report is highly anticipated by investors who are focused on the company's profit margins, demand outlook, and updates on the Cybertruck and EV charging network.
Tesla's third-quarter profit estimates have dropped by almost 50% this year due to aggressive price cuts, but the stock continues to rise, adding over $420 billion in market value, creating conflicting signals about the company's future prospects.
Investors are hoping that Tesla's Q3 earnings will help the company recover from underperforming the market in recent months, as factors such as price cuts, slower production of the Cybertruck, and the departure of the CFO have weighed on the stock.
Traders anticipate less volatility in Tesla stock following the release of the company's third-quarter results, with options pricing indicating a projected move of 5.6% in either direction, lower than the average historical move of 9.4% for the past five quarters.
Electric vehicle manufacturer Tesla is set to announce Q3 earnings today, with investors eager to see how price cuts have affected the company's earnings and if it will spark an uptrend for the stock that has been trading sideways recently.
Tesla reported earnings of $1.9 billion in net income on $23.4 billion in revenue in Q3 2023, showing a decrease in profits and continued slipping of margins due to price cuts. Tesla also missed its target date for a Cybertruck delivery event, but made investments in AI and increased compute capacity. The company's ongoing legal issues and the impact of the autoworkers strike may affect its performance in the EV market.
Tesla reported third-quarter results that fell short of Wall Street estimates, highlighting the ongoing difficulties faced by traditional auto makers in building competing EV businesses.
Tesla's adjusted profit in the third quarter fell 37% compared to the prior-year quarter, with operating margin erosion and increased costs due to a price war and factory shutdowns impacting the company's performance.
Analysts have lowered their price targets for Tesla stock after the company reported disappointing Q3 earnings, raising questions about its near-term strategy and growth potential in 2024. Despite this, Tesla's stock had surged earlier in the year as investors remained optimistic about the company's long-term growth.
Tesla's Q3 financial statement shows disappointing results, with missed revenue and EPS estimates, lower-than-expected auto gross margins, and concerns over falling margins and constant price cuts, although analysts remain bullish on the stock in the near-term.
Tesla's stock was up 79% for the year in 2023, but recent events and price cuts have led to a 15% drop from the previous week and a 24% drop from this year's high in July, affecting the company's profit margins.
Verizon's third-quarter earnings fell from the previous year but exceeded Wall Street estimates, causing a stock increase as revenue met expectations and free cash flow growth surpassed predictions.
Hertz's stock value plummeted by 15% after reporting missed earnings estimates, mainly due to Tesla's price cuts on their electric car models, resulting in a significant drop in the residual value of Hertz's Tesla fleet and higher repair costs.
Chevron's third-quarter profit fell short of Wall Street estimates, with earnings declining due to lower crude prices, higher costs, and maintenance issues, causing the company's share price to drop.
