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Tesla (TSLA) releases Q3 earnings: Complicated outlook
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💡Summary: Tesla reported EPS of $0.66 and revenue of $23.35 billion (+9% YoY) in the third quarter. Both were down as expected. It was the Show More
💡Summary:
Tesla reported EPS of $0.66 and revenue of $23.35 billion (+9% YoY) in the third quarter. Both were down as expected. It was the first time Tesla had missed both earnings and revenue since its Q2 2019 report in July 2019.
The company reported production of 430,488 units in Q3 and deliveries of 435,059 units. Automotive revenue was $19.6 billion (+5% YoY). Notably, energy storage was 3.98 GWh in the third quarter (+90% YoY). Tesla is still committed to "being at the forefront of AI development" for the next quarter. More than doubled the size of its AI training compute to help grow its dataset and Optimus robot project.

🎙️Q:
1) What's your opinion on TSLA's Q3 earnings?
2) Do you think Telsa will achieve its full-year guidance?

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