Jump to content

Tesla Q3 earnings: Production figures signal potential for record revenues


MongiIG

Recommended Posts

Tesla shares come into focus after record production figures for Q3 raised questions over whether we will similarly see revenues hit a fresh high

bg_tesla_380184868.jpgSource: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 11 October 2022 

When will Tesla report their latest earnings?

Tesla will post its financial results for the third quarter of 2022 after market close on Wednesday, October 19, 2022. Tesla management will subsequently hold a live question and answer webcast that day at 5:30 p.m. Eastern Time (10.30pm UK time) to discuss the Company’s financial and business results and outlook.

Tesla earnings –What should traders look out for?

Tesla reports on a quarter that has been tough for investors, with the share price underperforming thanks to a wider market environment that does not favour growth stocks with high P/E ratios. The three-months to September did provide a record high number of sales for the company, with over 365,000 vehicles produced, and over 343,000 vehicles delivered. Nonetheless, this fell short of market expectations, with the stock hitting fresh headwinds as a result. However, those impressive figures are likely to form the basis of a record high revenue figure, with investors keeping a close eye out for any adjustments on margins in the face of recent inflationary pressures.

In his Q2 call, Elon Musk did note that those months were an outlier thanks to the prolongued shutdown of the Shangahi factory. However, the record output from both Fremont and Shanghai forms the basis of a potential blockbuster second half of 2022 if the demand and logistics allow.


Demand has been a key concern for investors, with consumers expected to reign in consumption as the cost of living crisis and recessionary forces impact sentiment. However, Tesla may be an outlier given the long delays people are willing to overcome in a bid to obtain their new vehicle. Whether the firm can better address that solid demand remains to be seem.

Tesla earnings – what to expect

Revenue – $22.2 billion vs $13.7 billion (Q3 2021), and $16.9 billion (Q2 2022).
Earnings per share (EPS) – $1.01 vs $0.62 (Q3 2021) and $0.76 (Q2 2022).

Tesla earnings – valuation and broker ratings


Analysts are largely positive for Tesla shares after the recent declines, with just six ‘sell’ recommendations heading into the third quarter earnings. Out of 32 analysts, there are 27 ‘strong buy’ or ‘buy’ recommendations, and 10 ‘hold’ recommendations.

TESLARECCOS111022.PNGSource: Eikon

Tesla shares – technical analysis


The weekly Tesla chart highlights the collapse seen over the course of the past month, with price giving way to a fresh bout of losses that have taken the stock into a new three-month low. However, that has taken us into an area of support that looks particularly interesting, starting with an ascending trendline dating back to mid-2021. Aside from that, the 2022 low of $205 and 2021 lows of $179 bring the two subsequent levels of note.

TSLA-Weekly-2022_10_11-10h54.pngSource: ProRealTime

On an intraday basis, the hourly chart highlights how we continue to produce a nice consistent pattern of lower highs, with further downside expected as a result. We would need to see price rise up through the $244 swing-high to bring about a more positive outlook for this stock.

TSLA-1-hour-2022_10_11-10h59.pngSource: ProRealTime
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Ondo finance is a project that is aimed to democratise access to institutional grade financial products and services using blockchain technology.  The project’s team seeks to leverage on the blockchain technology, to improve both the financial infrastructure and accessibility of financial products. The team cuts across former members of reputable firms like Goldman Sachs and partnerships with VCs like; Blackrock and Morgan Stanley. Practically, it seeks to integrate the real world assets with blockchain technology. The native token $ONDO has performed exceedingly well since its launch in January18th, 2024. The tokenized products offered by the project have a bearing to US treasuries and the US money market funds. After keenly reading about this project it is quite clear that it is a fine blend of tradfi and defi product services. With this immense usecase, $ONDO will do very well. Looking at these, T1 platforms like Bitget have listed it and the price action is quite fair thus.        
    • You all will agree with me that many of us tends to focus on big names like BTC, ETH, SOL, and XRP. I've followed this trend too. But lately, I've realized there's a whole world of opportunities beyond these mainstream coins. Taking a closer look at the market: BTC and ETH haven't doubled since the start of 2024. Meanwhile, some lesser-known crypto projects have shot up by 400% and more. I am not talking about memecoins  Just today while reading an article about ONDO and ZEEBU published by Bitget, I was amazed to see the incredible growth these two tokens have undergone in the past few months. While ONDO deals with tokenized real-world assets, ZEEBU is a loyalty token for smoother global transactions, rewarding users along the way. Both have seen incredible growth recently. Sure, holding BTC has its perks, but tokens like ONDO and ZEEBU are gaining traction fast. They've already hit billion-dollar market caps from humble beginnings. It seems like these underdog projects might be the ones to watch during this bullish phase. But the challenge remains: how do we identify gems in this evolving landscape?
    • Dopamine emerges as a beacon of innovation in the world of cryptocurrency management, offering a non-custodial, secure, and anonymous mobile app wallet. With over two million downloads and a robust user base, Dopamine is reshaping the landscape of decentralized finance (DeFi) on both Android and iOS platforms. Let's delve into the features and functionalities that make Dopamine a must-have tool for navigating the cryptocurrency market. Key Features: 1. Comprehensive Portfolio Tracking: Dopamine's native token, $DOPE, empowers users to monitor their favorite projects from a vast collection of over 10,000 coins, ensuring informed decision-making in the dynamic crypto market. 2. Enhanced Security Measures: With built-in Anti-Money Laundering services, Dopamine enables users to safeguard their assets by identifying potential fraud and assessing risk scores associated with their wallets. 3. Real-Time Market Insights: Stay ahead of the curve with Dopamine's ability to track market trends and identify coins making significant moves, ensuring users remain informed and proactive in their investment strategies. 4. Cross-Chain NFT Transactions: Seamlessly send and receive NFTs across various blockchains, including Ethereum, BSC, Fusion, and more, providing users with unparalleled flexibility and interoperability. 5. Efficient Information Management: Dopamine simplifies data management by allowing users to save essential information and access it instantly, streamlining their crypto journey with convenience and ease. 6. Convenient Fiat On-Ramp: Facilitating seamless transactions, Dopamine enables users to buy crypto directly from their credit or debit card within the app, eliminating the need for multiple platforms and intermediaries. 7. DeFi Gaming Integration: Dive into the exciting world of decentralized finance gaming with Dopamine, offering users access to a diverse range of DeFi games directly from the app, adding a touch of entertainment to their crypto experience. With its innovative features, commitment to user empowerment and upcoming listing on Bitget exchange, Dopamine stands as a revolutionary platform that caters to the diverse needs of cryptocurrency enthusiasts. As the cryptocurrency market continues to evolve, It remains at the forefront, providing users with a secure, versatile, and intuitive solution for managing their digital assets and exploring new horizons in decentralized finance.
×
×
  • Create New...
us