Tesla (TSLA) earnings Q3 2023

Tesla is Set as report Third-quarter results will be released after the market close on Wednesday.

According to a survey of analysts by LSEG (formerly Refinitiv), Wall Street’s expectations are as follows:

• income: Estimated US$24.1 billion
• income: 73 cents per share, adjusted, expected

During the same period last year, Tesla reported adjusted earnings per share of $1.05 on revenue of $21.45 billion.

The third quarter 2023 earnings call will be Tesla’s first since former Chief Financial Officer Zachary Kirkhorn announced his resignation. Chief Accountant Vaibhav Taneja currently holds both positions at Elon Musk’s electric car company.

Earlier this month, Tesla reported a 7% drop in vehicle deliveries in the third quarter compared with the previous three months. Tesla reiterated at the time that its full-year vehicle delivery target for 2023 was still 1.8 million vehicles.

Tesla uses a tool called Sai Technology Pick and answer questions from shareholders ahead of the earnings call.

Retail investors are raising questions about when Tesla expects to start delivering its Cybertruck, a sci-fi-style truck, and when the company plans to make an updated version of its entry-level Model 3 sedan, called the Highland Model 3, available to customers Questions provided. They also want updates on the company’s international factories, 4680 battery and TeslaBot humanoid robot projects.

In the third quarter, Tesla began selling Highland, an updated version of its Model 3 sedan that included controversial changes such as “stemless” blinkers. Model 3 Highland drive now on sale in China and European Unioncan touch buttons on the steering wheel to indicate they are about to change lanes or make a turn, rather than using the joystick on the left side of the steering wheel.

Tesla has also lowered the price of some electric vehicle models in the U.S. and abroad in the period ending in September 2023, as well as lowered the price of its advanced driver assistance software in the form of the Full Self-Driving, or FSD, option Sales beta. Tesla does not make self-driving cars and tells customers to pay attention and be ready to swerve or brake at all times.

However, on October 14, Tesla CEO Elon Musk, who also owns and operates social media platform X (formerly known as Twitter), release: “Despite the huge crowds at ACL Music Festival, the car drove me around Austin all day without any intervention! In the near future, people will wonder why anyone is skeptical of autonomous driving.”

Investors who submitted questions on the Say Technologies website wanted the latest information on Tesla’s latest FSD software improvements. One person asked: “If FSD is getting better and Robotaxi is expected to drop prices soon, why do they need to drop prices?”