Tesla (TSLA) is set to report its earnings after the market closes on Wednesday, and analysts have their eyes on key figures. The consensus estimate for earnings per share (EPS) stands at 58 cents, with anticipated revenue reaching $25.37 billion, according to LSEG consensus estimates.
Earlier this month, Tesla announced third-quarter vehicle deliveries of 462,890, a 6% increase from the same period last year. However, this figure fell short of analysts’ expectations and marked a continuation of declining year-over-year delivery figures seen in the previous two quarters. In addition, Tesla produced 469,796 electric vehicles during the quarter ending September 30.
To boost sales, the company has been implementing various discounts and incentives, which could further impact profit margins. This earnings report comes on the heels of a much-anticipated robotaxi event that left investors disappointed, craving more details about Tesla’s future plans.
Adding to the intrigue, the report arrives just weeks before the presidential election, a timeframe that has kept CEO Elon Musk busy as he campaigns for Republican nominee Donald Trump. Investors will be watching closely to see how these dynamics influence Tesla’s financial performance and outlook moving forward.
