Reported 3 days ago
Tesla Inc. is set to release its Q3 earnings on October 22, with estimated revenues of $26.58 billion and adjusted earnings of $0.55 per share. While revenue is expected to rise, earnings are likely to drop by over 20% compared to the previous year. The company is facing challenges such as increased competition, rising interest rates, and changing consumer demand, and has responded with price reductions that have impacted its profit margins. Despite managing a 7% increase in vehicle deliveries this quarter, analysts predict a decline in full-year revenue for 2025, indicating a potentially pivotal moment for Tesla amid market shifts and competition.
Source: YAHOO