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tesla q3 2020 earnings date

During its recent Battery Day presentation, the company announced its plans to upend the industry-standard means of producing battery cells by going to its bigger, tabless 4380 cells. This marks the fifth consecutive quarter of profitability for the EV maker, and with record amounts of customer deliveries as well as production capacity expansions for its biggest-selling model (the Model 3, for those of you playing at home), that kind of makes sense. The short-term price behavior suggests that the asset will continue to test the support zone $ 430.00 that corresponds to 61.8 FE level. How To Play Tesla Following a Q3 Deliveries Beat Tesla stock is still dangerously overvalued By Wayne Duggan , InvestorPlace Contributor Oct 5, 2020, 2:00 pm EDT October 5, 2020 All information provided has been obtained from reputable sources and any information that contains an indication of past performance is not a guarantee or a reliable indicator of future performance. Tesla also made battery leaps, there's Full Self-Driving news and more. A price cut on one of its models (Model 3 Standard Range Plus) would likely keep Tesla competitive, undercutting the competing local EV manufacturers in China. Your email address will not be published. We are not liable for any losses arising from investments made based on the information contained in this release. On October 21, the US electric vehicle giant Tesla, Inc. (NASDAQ: TSLA) is expected to post earnings for the fiscal quarter ending September 2020 after the market closes. Tesla's forthcoming Cybertruck got its next big helping of competition from General Motors in the form of the new electric GMC Hummer. FavorsAbove | Experience Peace Like Never Before, Huge drop in preliminary claims as knowledge updates for California, FX Replace Oct 22 – USD licks its wounds forward of debate, Writing Your Ebook – The Easy Way – Eagle Blogging. Posted on October 20, 2020 October 20, 2020 by NNEJI. Q3 was also significant for the Big T in other ways. Your email address will not be published. The company currently ranks 3rd in the Zacks ranking system, which points to investors hold. © 2020 GlobeNewswire, Inc. All Rights Reserved. Keep your eyes glued to Roadshow for further coverage from the earnings call itself. Subscribe to the Roadshow newsletter, receive notifications and see related stories on CNET. The company needs to achieve 30% Q-o-Q growth in shipments to meet its 500,000-vehicle delivery target and “Average and Mean Seasonality” is unlikely to suggest growth of 9% and 14%, respectively. Tesla also reported total production that was more than total deliveries in the third quarter and came in at 145,036 vehicles. With view on Daily chart, Tesla The stock price trades at lower after rejection of the major resistance level $ 460.00. This announcement may not be reproduced or further distributed without our prior written consent. MACD has shown decreasing dynamics below zero. Well, it's Tesla earnings report time once again, and in news that's becoming less of a surprise, Tesla was profitable again for Q3 of 2020. Discussion threads can be closed at any time at our discretion. In general, Tesla has managed to offset some of its slump in new car sales due to increased demand in China when most plants worldwide had to close following the spread of Covid-19. Given the cumulative vehicle deliveries over the past three quarters (Q1 – 88,400, Q2 – 90,650 and Q3 – 139,300), an additional delivery of 181,650 vehicles is required to “comfortably exceed” the year-end 500K target. Tesla also dropped the price on the Model S to a cringe-inducing $69,420 to compete with the Lucid Air, despite that car not actually being available to purchase yet. Zacks' consensus estimate for Tesla's third-quarter earnings is 55 cents per share. PALO ALTO, Calif., Oct. 08, 2020 (GLOBE NEWSWIRE) -- Tesla will post its financial results for the third quarter of 2020 after market close on Wednesday, October 21, 2020. Third quarter revenue is expected to grow 30% year over year at $ 8.2 billion. Disclaimer: This material is for informational purposes only and is intended to be a general marketing release and does not constitute independent investment research. Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.

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