Tesla Retail Investors Willing To Look Past EV Maker's Shrinking Margins In Q3; Instead, Here's What They Are Most Focused On
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) is set to release its Q3 results, with concerns over further margin erosion. However, retail investors seem more focused on the number of Cybertrucks Tesla plans to deliver in 2024 and the availability of the Model 3 refresh in the U.S. Tesla's auto gross margin has been declining for the past three quarters, but analysts have high hopes for the Cybertruck, which could boost the company's overall volume in 2024. Tesla's stock slipped 0.85% in premarket trading.
October 16, 2023 | 10:42 am
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Tesla's Q3 results are expected to show further margin erosion, but retail investors are more interested in the company's future plans, particularly the Cybertruck. Despite a declining auto gross margin, analysts are optimistic about the impact of the Cybertruck on Tesla's 2024 volume.
The news about Tesla's Q3 results and the concerns over margin erosion could negatively impact the company's stock in the short term. However, the interest of retail investors in the Cybertruck and the optimism of analysts about its potential impact on Tesla's 2024 volume could offset this negative impact to some extent.
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