Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
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.
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.
Tesla, Netflix and Goldman Sachs will publish their earnings reports these week. Here is why you should follow.
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