Tesla Q3 Earnings Preview: AI Ambitions and EV Delivery Numbers in Focus
Tesla (TSLA) prepares to report third-quarter earnings amid a 96% stock surge over six months, fueled by Optimism around AI initiatives and strong vehicle deliveries. Wall Street anticipates $0.55 EPS (down 24% YoY) and $26.33 billion revenue (up 5% YoY), with Wedbush analyst Daniel Ives projecting $26 billion total revenue, including $19 billion from automotive sales.
China's steady demand and U.S. EV tax credit expiration drove delivery growth, but skepticism lingers over AI monetization and rising competition. Ives estimates Tesla's AI and self-driving ventures could unlock $1 trillion in long-term value, though BNP Paribas' coverage initiation suggests lingering analyst divergence.