Tesla and Rivian in Focus Ahead of Q3 Earnings as EV Sector Demand Scrutinized
Electric vehicle stocks face heightened scrutiny as Tesla and Rivian prepare to report quarterly results. Tesla's 95% annual gain contrasts with its modest 6.2% year-to-date performance, while Rivian seeks to prove its competitive position in the capital-intensive EV market.
Analysts anticipate Tesla's Q3 earnings to decline 26% year-over-year to $0.53 per share, despite projected 4% revenue growth. The company's recent delivery beat—497,099 vehicles versus 439,800 expected—suggests operational execution remains strong amid macroeconomic pressures.