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🔥Stock Prediction: How will Tesla close on 20/10 after its earnings?
@Tiger_Earnings:Click to vote. Can you predict where $Tesla Motors(TSLA)$ will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.$Tesla Motors(TSLA)$ is scheduled to announce its Q3 earnings results after the stock market closes on Thurssday, 19 October 2022. Lets's guess where Tesla will move following its earnings?🔙 Latest Results Tesla had slower production during the second quarter due to COVID-19 restrictions on its Shanghai factory, an issue which has since eased. According to Tesla's second quarter 2022 financial results, revenue was $16.93 billion , up 42% year-over-year. net income was $2.269 billion, compared with $1.142 billion in the same period last year. Revenue growth was driven in part by an increase in the number of cars Tesla delivered. Revenue from the automotive segment totaled $14.6billion, an increase of 43% compared to $10.2 billion a year earlier. 📒Tesla Q3 earnings consensus Wall Street forecasts that Netflix will report a 61.3%% year-on-year rise in revenue to $22.184 billion in the third quarter. Net income at the bottom-line is expected to rise 75.2% to $3.668 billion.💡Highlights of Tesla Q3 earnings preview Tesla's P/E ratio is currently over 66 times, while the average P/E ratio for the auto industry is approximately 50 times. Tesla's delivery growth rate over the past five years is 50%, which has contributed to its high valuation. Tesla's valuation will return to rationality if growth ceases. Tesla said it delivered 343,830 vehicles for the quarter that ended in September. The Q3 delivery numbers were actually below expectations, with growth of approximately 42% year-over-year and approximately 35% sequentially. Currently, investors are focusing on two areas, one is growth, and whether Tesla will still be able to meet the 1.4 million delivery target, and the second is profitability. For more information about Tesla Earnings Preview, please click here Tesla's Q3 2022 earnings call will be held on Thursday, October 20, 2022 at 5:30 a.m. Central Time. Click here to set a reminder 💰Activity Details Click to vote. Guess where $Tesla Motors(TSLA)$ will move following their earnings? If you get correct answers, you can get 20 Tiger Coins. Reply and forward this post, share your insights about Tesla's financial reports, we will give 100 Tiger Coins with outstanding comments. ⏰Event Time The deadline for this event is 21:00 on Thursday, 20 October 2022 🔥Don't forget to follow@Tiger_Earnings, Tiger's official account for providing key information during earnings season📖📖📖 📖For a beginner's guide to financial statements,click here
🔥Stock Prediction: How will Tesla close on 20/10 after its earnings?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.