{ "vars": { "gtag_id": "AW-11132954046", "config": { "AW-11132954046": { "groups": "default" } } }, "triggers": { } }

Tesla Q3 Earnings Announcement

22-10-24

 

Tesla will announce its third quarter earnings this Wednesday after market close following the lacklustre robo-taxi event which failed to woo investors on 10th October.

After reporting third quarter deliveries of 462,890 units above the 462,000 expected by analysts, the focus during the upcoming earnings call will be on the businesses profit margins.

In its Q2 2024 earnings report, Tesla delivered revenue of $25.5 billion, surpassing market expectations of $24.73 billion by 3.11%.

Despite the revenue beat, Tesla’s Earnings Per Share (EPS) fell short, coming in at $0.52 against the projected $0.62, marking a significant miss of 16.13%.

The Q2 EPS shortfall highlighted the company’s struggle to maintain profitability as it remains in a ruthless price-cutting contest with Chinese rival BYD.

Musk’s plan to produce a “fully autonomous unsupervised” cybercab for delivery before 2027 was met with amusement by investors that have grown weary of his ambitious capital-intensive ideas which lay blind to regulatory scrutiny.

Previous earnings calls have marked periods of significant volatility, Tesla’s share price has moved by a minimum of 12% intra-day following each quarterly update so far this year.

 

Chart shows previous Tesla earnings dates

 

If you believe a rebound is in-store for the famously unpredictable tech stock this coming Thursday, you may consider purchasing a call option.

Call Option

buy 1 TSLA Weekly 08-Nov-2024 217.5 Call @ $11.30 = $1130 debit 

Trade Idea

Call Option

TSLA Cash price = $216.50 (as of  22/10/2024 ) 

Buy: 1 (contract) x $11.30 (contract price) x 100 (contract size) = $1130 debit 

Total consideration of $1,130 (excl. fees + commissions) 

Defined risk profile – maximum loss is equal to the net option premium paid (+ fees and commissions) 

A 10% increase to $239.25 by 08-Nov-2024 expiry would yield a 92% return on your investment. 

This strategy will break even if TSLA = 228.80 at expiry on  08-Nov-2024 

Maximum loss $1,130 (excl. fees + commissions) 

Written By

Sebastian Blanco

Desk Broker

Related Articles

 Tesla Q3 Earnings Announcement Tesla is set to announce its Q3 earnings this Wednesday after market close, following a lacklustre robo-taxi event. Investors will be keenly watching profit margins as the company wrestles Read more
Crude Oil & British Petroleum Q3 BP shares fell 4% at market open following a drop in crude oil prices and a lackluster Q3 production outlook. Analysts eye weak oil market fundamentals despite Middle East tensions. Read more
Markets Brace for Volatility Amid Key Data and Central Bank Moves Markets brace for heightened volatility as U.S. earnings season kicks off and inflation data looms. Central bank actions in the U.S., UK, and Eurozone, along with key economic Read more
September Review 2024 We review September 2024's main global events and the factors impacting markets. Read more
US Manufacturing Tariffs US manufacturing becomes a key election issue, with Trump proposing tariffs on foreign-made vehicles and threats to Deere & Company. Kamala Harris will address protectionism, influencing November's vote and Read more

Important information: Derivative products are considerably higher risk and more complex than more conventional investments, come with a high risk of losing money rapidly due to leverage and are not, therefore, suitable for everyone. Our website offers information about trading in derivative products, but not personal advice. If you’re not sure whether trading in derivative products is right for you, you should contact an independent financial adviser. For more information, please read our Important Derivative Product Trading Notes.

Hide
Important Notice - Show
window.addEventListener('load', function() { if(window.location.href.indexOf('/contact')!=-1) { var timeInt = setInterval(function(){ if (jQuery('.nf-response-msg p:contains("successfully")').is(":visible")) { gtag('event', 'conversion', {'send_to': 'AW-11132954046/gR-uCIO8zvsYEL7Lzbwp'}); clearInterval(timeInt); } },3000); } if(window.location.href.indexOf('/cme-crude-oil')!=-1) { var timeInt1 = setInterval(function(){ if (jQuery('.nf-response-msg p:contains("successfully")').is(":visible")) { gtag('event', 'conversion', {'send_to': 'AW-11132954046/RkuxCIa8zvsYEL7Lzbwp'}); clearInterval(timeInt1); } },3000); } });