Tesla fans have had the Q3 2020 earnings call, scheduled for tomorrow October 21, marked on their calendars since the date was announced earlier this month.
In the third quarter, Tesla delivered 139,000 vehicles worldwide, and produced 145,000 at its facilities in Fremont and Giga Shanghai. Both numbers were a record for the automaker, coming off a strong Q2 even though it was hampered by a 2-month shutdown of Fremont.
With four consecutive quarterly profits coming into Q3, the consensus among Wall Street analysts is that Tesla will make it five straight. According to data by Factset (via Value The Markets), Tesla is expected to post a profit of 54 cents per share.
A different crowd-sourcing platform, Estimize, has a slightly rosier picture painted for the automaker, with analysts polled expecting an adjusted profit of 65 cents per share.
Aside from the usual financial figures discussed during the call by CFO Zachary Kirkhorn, we can usually rely on CEO Elon Musk to make at least a few key announcements.
Earlier this year Musk said a subscriptions option for the Full Self-Driving (FSD) package would arrive by the end of 2020. With just over 2 months to go, we wouldn’t be surprised to get an update on this highly anticipated feature.
We also expect Musk to provide an update on the release of the FSD re-write that was supposed to deploy to Early Access Program (EAP) users today.
How to listen to Tesla Q3 2020 Financial Results
What: Date of Tesla Q3 2020 Financial Results and Q&A Webcast
When: Wednesday, October 21, 2020
Time: 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time
Q3 2020 Update: http://ir.tesla.com
Webcast: http://ir.tesla.com (live and replay)
Legal Disclaimer – Darryn holds shares of Tesla, Inc. (TSLA) and has no plans to change any positions within 72 hours.