Tesla Will Show Better Than Expected Result

Tesla Will Show Better Than Expected Result

2022-12-15 • Updated

What will happen?

Tesla, the world's largest EV's manufacturer, will present its earnings report for the second quarter on January 26 after the stock market closes (23:00 GMT+2). In addition, Tesla's management will hold a live question and answer webcast at 00.30 MT, January 27, to discuss its financial and business results and outlook.

Why is it important?

Tesla's estimate-beating production and delivery stats have helped boost its expected revenue growth to 46% in 2022. The problem is, even after the stock slumped 25% from its November record, Tesla's market capitalization of $922 billion is more than ten times the size of Ford and General Motors, 100-plus-year-old Detroit giants. The electric carmaker also produced roughly 930,000 vehicles in 2021. 

According to Morgan Stanley, there is no company that can challenge its volume. Tesla is expanding on three continents and is nearing the completion of new factories in Austin, Texas, and Berlin.

According to the production & delivery reports, in Q3, Tesla delivered 241 300 vehicles, and in Q3, the number reached 308 600. The production grew 27,8% quarter to quarter. 

In Q3, Tesla reported 13.76B revenue, the expectation for Q4 is $16.88B, which is a 22,6% increase. According to these numbers, Tesla can report better than expected results in Q4.

Technical analysis

Daily chart

 TESLADaily.png

The stock is trading under the 100-day moving average. It looks like the price will not break it right away. A tiny pull back down to the $880-890 range is expected first. Afterward, the stock will reach $1030 and $1150. 

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