Tesla is set to release its Q3 2024 earnings on October 24, 2024. Investors are closely watching several factors that could impact the company's stock performance, including recent price cuts, advancements in the Robotaxi project, updates on Full-Self-Driving technology, executive departures, and the outlook for deliveries in Q4 2024 and the full year of 2025.
Tesla is expected to report a revenue of $25.54 billion and earnings per share (EPS) of $0.60 for Q3 2024. This represents a slight increase from the previous quarter.
Tesla's stock has historically shown mixed reactions to earnings announcements. In the short-term, there is often volatility and fluctuations in the medium-term. Positive earnings tend to lead to stock surges, while weaker results can result in significant declines. Investors should consider the long-term outlook for the company and be prepared for sharp movements during earnings periods.