Tesla’s (TSLA) Q3 2019 earnings call with Elon Musk set for October 23
Tesla (NASDAQ:TSLA) has announced that it would be posting its financial results for Q3 2019 after the market closes on Wednesday, October 23, 2019. The company would be issuing a brief advisory with a link to its Q3 2019 Update Letter, which will be accessible from Tesla’s Investor Relations website. A live Q&A session is set for 3:30 p.m. Pacific Time (6:30 p.m. Eastern Time) to discuss the electric car and energy company’s financial results and outlook.
Analysts polled by FactSet currently expect Tesla to report an adjusted loss of $0.16 per share on sales of $6.3 billion in the second quarter. In comparison, FactSet analysts expected Tesla to report an adjusted loss of $0.45 per share on sales of $6.6 billion in Q2 2019, a mark that was unfortunately not met by the electric car maker despite its record second-quarter deliveries.
Tesla’s Q3 2019 results were more impressive than its second-quarter numbers, with the electric car maker producing a total of 96,155 vehicles while delivering approximately 97,000 across the United States and foreign territories such as Europe and China. With more deliveries recorded for Q3, it is now up to Tesla if it can meet the expectations of Wall Street this time around.
TSLA stock is among the most polarizing in the market, and this is shown by the volatility exhibited by the company’s shares this year. A look at Tesla’s consolidated ratings from analysts further highlights this point, as 11 analysts currently give the company a “Buy” rating, 13 maintain a “Sell” rating, and 10 analysts have a “Hold” rating.
This gives Tesla an overall rating score of 2.94, which is equivalent to “Hold.” Analysts’ mean consensus target price is also at $248.01, which is just around 1.5% higher than TSLA stock’s $244.53 closing price on Wednesday.
A factor that will likely play a big part in Tesla’s upcoming earnings call are its operations in China, particularly surrounding its Gigafactory 3 complex in Shanghai’s Lingang Industrial Zone. Gigafactory 3 was built in a rapid fashion since its groundbreaking ceremony in January, and in just eight months, the complex’s Phase 1 area was completed. The site’s Phase 2 area, speculated to correspond to a facility that produces drive units and batteries for the company’s electric cars, has begun construction activities as well.
Reports from China indicate that Tesla will be stopping its imports of Standard Range Model 3 variants to China by mid-October, suggesting that Gigafactory 3 might start pushing out electric cars sometime this month. Drone footage of Gigafactory 3 have also hinted at trial Model 3 units already being produced on the site.
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.
The post Tesla’s (TSLA) Q3 2019 earnings call with Elon Musk set for October 23 appeared first on TESLARATI.
Source: https://www.teslarati.com/tesla-tsla-q3-2019-earnings-call-date/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).