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Tesla (TSLA) Q3 2022 preview: Here's what to expect

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Tesla (TSLA) is about to release its Q3 2022 financial results on Wednesday, October 19, after the markets closed. As usual, a conference call and Q&A with Tesla’s management are scheduled after the results.

Here we take a look at what both street and retail investors can expect for quarterly results.

Tesla Q3 2022 deliveries

As always, Tesla has already revealed its Q3 vehicle delivery and production figures, which account for the vast majority of the company’s revenue.

Earlier this month, Tesla confirmed that it delivered more than 343,000 electric vehicles in the third quarter of the year.

That’s a delivery record for Tesla, but the automaker actually fell short of expectations as more than 20,000 vehicles were in transit at the end of the quarter.

Delivery and production numbers are always slightly adjusted during results acquisition.

Tesla Q3 2022 revenue

For revenue, analysts usually have a pretty good idea of ​​what to expect thanks to delivery numbers.

Wall Street’s consensus for this quarter is $22.005 billion, and financial forecast crowdsourcing website Estimize projects a higher revenue of $22.370 billion.

This will be a record quarter for revenue, thanks to record deliveries.

Here are the estimates for Tesla’s revenue over the past two years, with Estimize forecasts in blue, Wall Street consensus in gray, and actual results in green:

Tesla Q3 2022 Earnings

Tesla always tries to be marginally profitable every quarter as it invests most of its money in growth and has been successful in doing so for the past two years.

The Wall Street consensus for the third quarter of 2022 is earnings per share of $1.00, while Estimize’s forecast is higher at $1.11 per share.

Earnings will be harder to determine this quarter due to more than 20,000 vehicle crossings at the end of the quarter, which will negatively impact Tesla’s results. Analysts are still expecting positive gains, but Tesla will be lower than it would be with fewer vehicles in inventory.

Earnings per share over the past two years with Estimize forecasts in blue, Wall Street consensus in gray and actual results in green:

TSLA shareholder letter and other prospects for analyst call

In the shareholder’s letter and subsequent conference call, Tesla often shares additional details about not only financial results, but also other key metrics of how the company is doing.

CEO Elon Musk isn’t always on call, but this time he has confirmed he will be on it.

Every company is reporting earnings these days with economic uncertainty in the background.

Musk is expected to address this, in addition to how Tesla plans to get through a potentially tougher time at the macroeconomic level.

Also, Tesla investors will likely want Musk to reveal his plan on Twitter because he finally agreed to the purchase. Managing the social media platform could potentially take a lot of time from Tesla.

On the operational front, Tesla shareholders will also be looking for an update on the production ramps at Gigafactory Texas and Gigafactory Berlin.

An update to the Tesla Semi could also come with earnings results, as Musk announced that production has begun and deliveries are expected to begin in December.

electric It previously reported that Tesla was building a production capacity of five trucks per week at its plant in Nevada, but that may have changed since last year.

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