Benzinga
2024.10.22 12:52
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Tesla Q3 Earnings: Troy Teslike, Gary Black Expects EPS To Fall Below Estimates But Dan Ives Is Optimistic About Elon Musk Addressing EV Demand, Autonomous Driving

Tesla is set to release its Q3 earnings after market close on Wednesday. Analysts expect a miss on non-GAAP EPS estimates, with Troy Teslike predicting ${{.Question}}.55 and Gary Black estimating ${{.Question}}.56. Black anticipates auto gross margins to be 14.2%, below consensus. Despite this, Daniel Ives remains optimistic about Elon Musk addressing EV demand and autonomous driving strategies. Tesla delivered 462,890 vehicles in Q3, a 6.4% increase year-over-year, but still below estimates. Tesla's stock is down 0.7% in premarket trading, with a year-to-date decline of 11.90%.