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Tesla is expected to release its third-quarter results after the closing bell Wednesday, a week ahead of schedule.
Here is what Wall Street analysts expect:
- Adjusted result: – $ 0.15 per share
- Returned: $ 6.315 billion
All eyes will be on the EPS line when the numbers are published. CEO Elon Musk said in April that Tesla would become positive free cash flow in Q3 and Q4.
With its eagerness to close the quarter up and the "abnormally high" prices of Model 3 could generate a temporary profit, said a bearish analyst to its customers.
"If they're not profitable, that's a problem," said Colin Langan, an analyst at UBS. "If Tesla is unable to report a profit in Q3 and Q4 with ASPs (average selling price) of about $ 60,000, we have trouble understanding how profitable they will be when ASPs normalize to around 45,000 $. "
The target of Langan's course for Tesla is 190 USD, which is significantly lower than the 301 USD target of Wall Street, which roughly corresponds to the course of action Wednesday after -midday.
Tesla shares fell about 0.7% in trading Wednesday afternoon before the report. According to Bloomberg data, option pricing implied a 7% movement in both directions after the earnings report.
The short sellers, or those investors betting against the Tesla stock price, had increased their bets ahead of the report, with nearly $ 10 billion invested in the stock.
Come back after the markets close for the full Tesla profit report.
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