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

Walmart earnings outlook
Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Best Stocks to Trade This Earnings Season
Best Stocks to Trade This Earnings Season

There is a period every stock trader loves the most due to significant movements, increased volatility, and, possibly, big gains. Open your trading apps and be ready to act! Earnings season comes four times a year and we crave to share our expectations with you.

Best Stocks to Buy in April! 
Best Stocks to Buy in April! 

As April approaches, investors are searching for good opportunities in the stock market. There are two booming industries that look positive in the coming period; electric vehicle (EV) stocks and banking stocks.

Latest news

US Stock Market Recovers
US Stock Market Recovers

What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…

What to trade on May 30-June 3
What to trade on May 30-June 3

Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail! 

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