Earnings Are Tesla's Only Hope As The Stock Sinks 16% In October. Is Tesla A Buy Or A Sell?

Earnings Are Tesla's Only Hope As The Stock Sinks 16% In October. Is Tesla A Buy Or A Sell?·Investor's Business Daily
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Analyst consensus predicts Tesla quarterly profit falling 9% to 59 cents per share while revenue is expected to increase about 9% to $25.47 billion in Q3, according to FactSet. Tesla auto gross margins came in at 14.6% in Q2 and the consensus view is that auto margins will increase a fraction in Q3 to 14.7%, according to FactSet. Wall Street consensus also has 2024 Tesla earnings firmly below last year's level.

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