Tesla's High-Stakes Q3 Earnings Report: Will Margin Erosion Trigger Stock Selloff? 2 Analysts Weigh In
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) is set to release its Q3 earnings report amidst concerns of price reductions and sluggish vehicle sales. Analysts predict a decrease in earnings per share and a potential drop in auto gross margins. The company's stock has faced a downward trend following earnings releases over recent quarters. The management's commentary during the earnings call, particularly on the future of auto gross margins, will be crucial.
October 11, 2023 | 8:52 am
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Tesla's upcoming Q3 earnings report is expected to show a decrease in earnings per share and potential drop in auto gross margins. This could potentially impact the company's stock negatively in the short term.
The article mentions that Tesla's earnings per share is expected to decrease and there are concerns about a potential drop in auto gross margins. These factors, along with the company's recent history of stock decline following earnings releases, could potentially lead to a negative impact on the stock in the short term.
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