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Tesla announced Monday night the release of its third quarter results after Wednesday's bell. It's earlier than expected – the third quarter figures were expected for the first week of November – so we can read two things in the abrupt progression of the usual schedule.
According to a consensus of analysts surveyed by Bloomberg, Tesla should reach a break-even point of the quarter: a loss of less than 10 cents per share, against a loss of $ 2.45 for the same period last year, for a turnover of nearly $ 3 billion.
The first possibility is that Tesla has actually lost money for the quarter, perhaps with a significantly increased turnover thanks to the deliveries of its model 3 sedan. The company therefore simply wants to obtain information and progress, knowing that CEO Elon Musk had predicted profits for the second half of 2018. Hello, fourth quarter!
Until then, the markets were not really considering extremely positive results: Tesla stood at $ 263 on Tuesday at the opening of the markets, down 17% for the year and well above its previous summits. But equities jumped quickly by 5% to $ 274.
The second possibility is that Tesla wishes to highlight the story of modest / equilibrium / quasi-profitable loss and set the stage for real profit in the fourth quarter. In all cases, revenues are expected to increase by more than $ 2 billion for the quarter, a significant increase from the $ 4 billion total in the third quarter.
An interesting factor to take into account, given the previous wait-and-see market, is that Tesla's profitability may be less important to investors than execution in the sector, which would lead to growth type. which allowed Tesla to earn $ 40. more than billions of market capitalization even though it builds and sells relatively few vehicles.
Whatever the case may be, if Tesla needed to raise funds in 2019, it would be beneficial to maintain a floor price of around $ 250. it's pretty much what the company had raised in the past.
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