Tesla Q3 Earnings Expectations: What to Look For

Tesla is scheduled to report its Q3 2023 financial results on October 19, 2023.

Here's what to expect:

Tesla is expected to report another strong quarter of growth in Q3 2023. The company has been ramping up production of its Model 3 and Model Y vehicles, and it is also expected to start production of its new Cybertruck in late 2023.

Analysts expect Tesla to report revenue of $24 billion in Q3 2023, up 56% year-over-year. They also expect the company to report earnings per share of $1.23, up 70% year-over-year.

There are a few key things to watch for in Tesla's Q3 2023 earnings report:

• Production and deliveries: Tesla is expected to report strong production and delivery numbers for Q3 2023. The company has been ramping up production of its Model 3 and Model Y vehicles, and it is also expected to start production of its new Cybertruck in late 2023.
• Revenue: Analysts expect Tesla to report revenue of $24 billion in Q3 2023, up 56% year-over-year. This growth is expected to be driven by strong demand for Tesla's vehicles, as well as the company's continued expansion into new markets.
• Earnings per share: Analysts expect Tesla to report earnings per share of $1.23 in Q3 2023, up 70% year-over-year. This growth is expected to be driven by the company's strong revenue growth, as well as its continued cost-cutting efforts.
• Guidance: Tesla is expected to provide guidance for Q4 2023 and beyond in its Q3 2023 earnings report. Investors will be looking for the company to provide details on its production and delivery targets, as well as its plans for new product launches.

Tesla's Q3 2023 earnings report will be an important event for investors. The company is expected to report strong growth in revenue and earnings, and investors will be looking for the company to provide guidance on its future plans.