The chart below shows how TSLA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TSLA sees a +6.29% change in stock price 10 days leading up to the earnings, and a +2.98% change 10 days following the report. On the earnings day itself, the stock moves by -1.01%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Record Deliveries Milestone: Tesla achieved record deliveries in Q3 2024, producing its 7 millionth vehicle, showcasing significant operational success.
Energy Storage Growth: The energy storage business is experiencing rapid growth, driven by strong demand for both Megapack and Powerwall products.
Automotive Revenue Growth: Tesla's automotive revenues grew quarter-on-quarter and year-on-year, demonstrating robust sales performance despite industry challenges.
Cost Management Success: Operating expenses declined quarter-over-quarter on a year-on-year basis, reflecting effective cost management strategies implemented in Q2.
Strong Energy Profitability: Energy margins in Q3 were recorded at more than 30%, indicating strong profitability in the energy sector.
Negative
Order Volume Decline: Tesla experienced a year-over-year decline in order volumes in Q3, indicating a potential slowdown in demand.
ASP Reduction Impact: The company reported a reduction in ASPs primarily due to the impact of financing incentives, which could affect profitability.
Sales Growth Concerns: Despite achieving record deliveries, Tesla's vehicle sales growth is projected to be only 20% to 30% next year, raising concerns about future growth.
Operating Expenses Analysis: Operating expenses declined quarter-over-quarter, but this was partially offset by increased costs related to AI efforts, indicating ongoing financial pressures.
Energy Margin Sustainability Challenges: Tesla's energy margins in Q3 were recorded at more than 30%, but sustaining these margins in the current economic environment is expected to be challenging.
Tesla, Inc. (TSLA) Q3 2024 Earnings Call Transcript
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