Tesla Earnings Call Date Set for Q3 Earnings Report

Tesla's Q3 earnings call is scheduled for November 2, 2023.

The call will be held at 5:00 PM ET, providing investors with a chance to hear from Tesla's leadership team about the company's financial performance during the third quarter.

Investors can expect to hear updates on Tesla's revenue, net income, and other key financial metrics during the call.

The earnings call will also likely include a question-and-answer session, where analysts and investors can ask Tesla's executives questions about the company's performance and future plans.

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Tesla's earnings call is a highly anticipated event, and investors are looking for details about full self-driving, or FSD, specifics.

Analysts and investors will be focusing on Chief Executive Elon Musk's comments around the consumer EV demand environment heading into the fourth quarter and next year.

The earnings call will likely provide insight into Tesla's plans for new vehicles, including more affordable models, which are expected to start production in the first half of 2025.

Tesla's Q3 earnings report showed a 9% growth in earnings and an 8% increase in revenue, beating analyst consensus.

The company's total gross margins came in at 19.8%, up 195 basis points compared to a year ago, and Tesla Energy gross margins hit a record 30.5%.

Tesla's earnings call will also provide an update on the company's production and sales performance, including its recent announcement of 0% financing for Model 3 and Y purchases in the U.S.

The company expects to report higher deliveries for the full year, which will require a big gain in Q4.

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Tesla reported Q3 earnings grew 9% to 72 cents per share. This marks a significant increase from the analyst consensus of 59 cents per share.

The company's revenue totaled $25.18 billion, an 8% increase from the year-earlier quarter. This is slightly lower than the predicted $25.47 billion.

Tesla's total gross margins came in at 19.8%, up 195 basis points from a year ago. This is a notable improvement, especially considering the challenges posed by ongoing macroeconomic conditions.

The refreshed Model 3 ramp up continued successfully in the third quarter, with higher total production and lower cost of goods sold quarter-over-quarter. This is a positive sign for the company's production capabilities.

Tesla Energy gross margins hit a record 30.5% in the third quarter. This is a testament to the company's focus on energy storage and its potential for growth.