Tesla Motors 2023/Q3 Earnings Preview
【Forecast Data】
The financial forecast data for Tesla this quarter is as follows:
- Earnings per share (EPS): $0.74
- Total revenue: $24,159,456,240
- EBIT: $2,146,657,080
Compared to the same period last year:
- EPS: Decreased by 29.52% (from $1.05)
- Total revenue: Increased by 12.61% (from $21,454,000,000)
- EBIT: Decreased by 47.01% (from $4,050,000,000)
The decrease in EPS and EBIT indicates a potential decline in profitability, while the increase in total revenue shows growth in the company's operations.
【Quarterly Important News】
Key news related to Tesla over the past quarter includes:
1. Hyundai and Kia announced their decision to adopt Tesla's EV charging technology in the US, starting from Q4 2024. This collaboration will allow Hyundai and Kia EVs to use Tesla's 12,000+ Supercharger stations in the US, Canada, and Mexico.
2. Tesla's market share in the US EV market has shrunk, despite a surge in overall EV sales in Q3, according to a report from Cox Automotive.
3. Tesla is set to report its Q3 earnings on October 18th, with concerns about the company's margins and demand after recent price cuts.
【Forecast Viewpoints】
Current viewpoints on Tesla's financial report can be found in the following articles:
1. [Tesla Is Reporting Earnings Next Week, and It's All About Margins](https://ttm.financial/NW/2375958210)
2. [Auto report shows surge in EV sales as Tesla's (TSLA) market share shrinks](https://ttm.financial/NW/2375953613)
3. [Tesla's High-Stakes Q3 Earnings Report: Will Margin Erosion Trigger Stock Selloff?](https://ttm.financial/NW/1187689461)
4. [Wells Fargo cuts price target on Tesla (TSLA) ahead of 3Q earnings report](https://ttm.financial/NW/2374354389)
5. [Will BYD Leave Tesla In The Dust In EV Sales?](https://ttm.financial/NW/2374760519)
【Stock Trend Analysis】
Over the past quarter, Tesla's stock price has decreased by 5.88%. The latest stock price is $251.12 (as of 2023-10-15), with support and resistance levels at $256.26 and $250.66, respectively. This indicates a current downtrend in the stock price.
【Options Large Order Analysis】
From the perspective of options large orders, there are more call options (bullish) than put options (bearish), suggesting a higher probability of the financial report exceeding expectations.
【Analyst Ratings and Target Price Forecast】
Currently, Tesla has 6 recommendations, 12 buys, 20 holds, 3 underperforms, and 4 sells from analysts. The mean, low, and high target price estimates are $237.28, $24.33, and $400.00, respectively. Based on these ratings and target prices, Tesla's valuation status is uncertain.
【Comprehensive Conclusion】
Tesla's financial forecast data shows mixed results, with an increase in total revenue but a decrease in EPS and EBIT. The stock price is currently in a downtrend, and the options large order analysis suggests a higher probability of the financial report exceeding expectations. However, the analyst ratings and target price forecast provide an uncertain valuation status for the company.
【Disclaimer】
The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
