Tesla Bull Adam Jonas Says EV Maker's Q3 Margins, Earnings Face Headwinds
Portfolio Pulse from Anan Ashraf
Morgan Stanley analyst Adam Jonas predicts Tesla's Q3 gross margins to fall to 17.5% and a U.S. GAAP EPS of $0.56, lower than the consensus estimate of $0.65. Jonas notes a cautious sentiment around Tesla's earnings estimates for the last two quarters of 2021. Investors are focusing on the company's forward outlook rather than the result itself. Jonas also mentions a lack of enthusiasm around Tesla's upcoming Cybertruck. If the vehicle's launch is delayed, Tesla might resort to price cuts to maintain demand.
October 12, 2023 | 5:41 am
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Tesla's Q3 gross margins and EPS are expected to be lower than previous quarters, according to Morgan Stanley's Adam Jonas. The potential delay in the launch of the Cybertruck could lead to price cuts.
The analyst's prediction of lower Q3 margins and EPS for Tesla indicates potential financial challenges for the company. Additionally, a delay in the launch of the Cybertruck could lead to price cuts, which could further impact the company's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100