Tesla is set to announce its third-quarter financial results on October 22, with Wall Street anticipating record revenue of around $26.4 billion. [1, 3] This is largely attributed to a surge in vehicle deliveries as customers rushed to take advantage of federal EV tax credits that expired at the end of September. [3, 7] In anticipation of the report, Tesla's stock saw a slight increase on Tuesday. [4] Despite the record delivery numbers, analysts express concern over a potential squeeze on profit margins due to recent price cuts and incentives. [7, 9] Investors are keenly focused on management's future outlook, particularly regarding demand in the fourth quarter without the tax credit incentive. Commentary on the progress of artificial intelligence, the Optimus robot, and the upcoming Cybercab will also be critical for long-term sentiment. [1, 3, 4]
Tesla Q3 Earnings Preview: Record Deliveries Weighed Against Profit Margin Concerns
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