WILL TESLA BEAT Q3 EARNINGS EXPECTATIONS?

EV Channels Review

This video provides a detailed financial preview of Tesla's Q3 2022 earnings report. The presenter, Rob Maurer, forecasts a beat on earnings per share, driven by higher-than-expected revenue from automotive sales, energy, and services. Key factors influencing the forecast include anticipated price increases in the US, a shift in model mix away from the Model 3, and the impact of foreign exchange rates. While acknowledging uncertainties in average selling price (ASP) and cost of goods sold (COGS) due to production efficiencies and material costs, Maurer expresses optimism about Tesla's ability to leverage economies of scale. The absence of Bitcoin impairment and restructuring charges is noted as a positive for operating expenses. The presenter highlights that Tesla's stock valuation appears cheap relative to its growth potential compared to other companies. Potential upside risks include the recognition of deferred FSD revenue and a stronger-than-expected performance in energy and services. The video also touches upon upcoming product updates like the Cybertruck and Semi, and Tesla's expansion of parts distribution.