After the market closes, Tesla Inc. (TSLA) will announce its third-quarter earnings for 2021 on 20th October. The conference call and Q&A session will be scheduled with the management after the announcement.
Even before the final results are announced, the market buzzes with speculations and estimations about the earnings.
Tesla has already disclosed its vehicle deliveries and production numbers. These are the most significant sources for driving the revenues for Tesla. As announced by Tesla, the total number stands at 241,300 electric vehicles delivered in this September quarter. This is a new record.
Lately, Tesla has been beating its delivery records. This one, however, is a 20% quarter-over-quarter profit.
The Wall Street analysts have predicted revenue of $14.005 billion and earnings per share of $1.59 for this quarter. Because of the delivery numbers, analysts are very confident of their estimates about Tesla. The company has been shattering its records, but the market is highly anticipatory for the upcoming results.
Tesla recently started its two new factories Gigafactory Berlin and Gigafactory Texas. The factories are expected to begin the production of the vehicles at the end of the year.
Full-self driving beta is also something that has been enormously discussed in the market around Tesla. The investors are also anticipating some announcements about Cybertruck and its production. The project was recently pushed back to 2022.
Investors are also curious about the effect of the auto-parts shortage on Tesla’s manufacturing.
Tesla has outperformed the analysts’ estimates in all quarters. Investors anticipate the same for this quarter, mainly because the deliveries increased.
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