Tesla Q3 Earnings Preview: Analyst Highlights Stable Demand Trends Amid EV Tax Credit Expiry
Wedbush analyst Daniel Ives strikes an optimistic tone ahead of Tesla's Q3 earnings report, citing 'incremental positivity' in delivery numbers. The EV maker's performance reflects a pull-forward demand surge before US tax credit expiration and modest China recovery.
Consensus estimates project $26 billion in total revenue, with $19 billion expected from automotive sales. Gross margins (excluding credits) show signs of recovery from previous lows, though European demand remains sluggish.