Chinese Market Will Boost Tesla’s Earnings Report

Chinese Market Will Boost Tesla’s Earnings Report

2021-10-19 • Updated

What will happen?

Tesla, Inc., the developer, manufacturer, seller of electric vehicles and energy generation and storage systems, will present an earnings report for the Q3 on October 20 after the stock market closes (23:59 GMT+3). The release will be followed by an investor conference call at 00:30 GMT+3, October 21.

What to expect?

Investors will be closely watching Tesla’s quarterly results on Wednesday for indications of its performance in China, where the electric carmaker has posted robust sales in the face of negative publicity and a host of new domestic competitors. According to Tesla’s report, sales in China grew by 44% from quarter to quarter.

The potential growth might be caused by the better-than-expected performance of the Shanghai factory, which uses domestic details including batteries.

Experts expect that Tesla will announce about revenue jump, which was driven by global deliveries in the July to September period. Despite this, some analysts believe that the worldwide supply chain issues could increase costs and decrease the company’s revenue.

Expectations

Analysts and experts forecast: Revenue = $13.57B, Earnings per share = $1.52

Technical analysis

Daily chart

TESLADaily.png

TRADE NOW

Similar

Virgin galactic: Buy When Everybody Sell
Virgin galactic: Buy When Everybody Sell

Latest news On September 29, Virgin Galactic announced that the Federal Aviation Administration has approved launches resume after an investigation about why its spaceship veered off course while descending during a July flight with founder Richard…

Latest news

POS: Not Best Option for ETH
POS: Not Best Option for ETH

 Big changes are coming for ETH As it turned out, it will take some time before the miners of Ethereum, and cryptocurrencies based on the same blockchain stop buying video cards…

One Dump to Crash Them All
One Dump to Crash Them All

Starting on December 3 cryptocurrency crash caused panic on the market. Further Bitcoin movements are foggy, but we can manage to peek behind the crypto market’s curtains and figure out what to do.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera