After setting another production and delivery record in Q3, Tesla (TSLA) is set to publish their quarterly financial report after the markets close tomorrow.
During the three month period Tesla was able to produce 365,923 cars while delivering 343,830 of those to new owners.
Despite the record numbers, it was slightly lower than what analysts were expecting, so as a result Tesla has seen its share price drop nearly 10% since the announcement, currently hovering at around $220 per share.
Here’s what analysts are expecting from Tesla in their Q3 2022 financial report.
Earnings
According to a poll of Wall Street analysts by Visible Alpha, Tesla is expected to report earnings of $1.01 per share. If accurate that would be a 63% increase year-over-year (YoY) from Q3 2021 when Tesla earned $0.62 per share.
Revenue
Analyst consensus is for Tesla to announce $21.9 billion in revenue for Q3 2022. That is a 58.7% increase from their Q3 2021 revenue of $13.8 billion.
Elon Musk
Despite saying he will no longer be attending the company’s earnings calls unless he had something big to announce, CEO Elon Musk has only missed one earnings call since the announcement in July 2021.
The Q3 2022 earnings call will be no different as Musk said on Twitter on Tuesday he will again be in attendance.
Investor and Institutional Questions
Tesla retail and institutional investors have been able to submit their questions through Say Technologies, with the top questions as voted on by other shareholders to be asked during the call. Here are the top 5 from each category. A clear focus seems to be on Tesla’s next round of products. You can read all the questions here.
Retail
- Do you still expect 50% annualized growth for the foreseeable future? Is this also true for specifically the Chinese domestic market? Do you expect to need to cut vehicle prices or offer incentives in any market to sustain demand, or has demand remained stable or is even rising?
- We keep hearing of the dire energy crisis in Germany this winter. What are Tesla’s plans to combat power cuts, and will there be any delays in ramp up in production from Giga Berlin because of this.
- How is production planning going for the Cybertruck? What is the initial phase 1 production target? When can we expect an update on pricing and final design?
- What is the progress of 4680 cell ramp, and what factors determine whether vehicles get 2170 vs 4680 cells and how will that change in the next year?
- Can you share a little bit more on the production ramp targets for the Semi now that production has started?
Institutional
- Given the stringent battery content and assembly requirements for consumer tax credit eligibility under the Inflation Reduction Act, can you speak to Tesla’s ability to meet those thresholds in each of 2023, 2024, and 2025 with your existing and planned supply chain?
- What updates can you offer on the backlog and recent order intake trends, especially outside of the U.S. (and specifically in China)?
- Can you tell us more about the product + feature roadmap beyond new models and FSD, and specifically for the interior and powertrain of existing vehicle models?
- Can you talk about how Tesla could adjust if we were to enter a prolonged recession, including new product prioritization, investment flexibility (new factory, factory expansion, service/support infrastructure), productivity/cost measures, and demand stimulation alternatives?
- The progression from Tesla’s first platform with S / X to the second platform with 3 / Y led to a 50% reduction in COGS. When do you see Tesla’s third platform being released and what level of COGS reduction could you achieve?
How to listen to Tesla Q3 2022 Financial Results
When: Wednesday, October 19, 2022
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q2 2022 Update: http://ir.tesla.com
Webcast: http://ir.tesla.com (live and replay)
Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.
Disclaimer: Darryn is a TSLA shareholder and has no plans to change positions within 72 hours.
