TESLA Q3 EARNINGS PREVIEW FORECASTS

EV Channels Review

This video provides a detailed forecast for Tesla's Q3 2021 earnings report, focusing heavily on revenue and profitability projections. The presenter, Rob Maurer, highlights several key factors influencing his estimates, including rising average selling prices (ASPs) due to price increases and a favorable mix shift towards higher-margin vehicles like the Model Y and Model S. He anticipates strong automotive gross margins, even excluding regulatory credits, driven by production efficiencies and increased volume. Maurer also discusses potential headwinds such as the introduction of the standard range Model Y in China and the full self-driving subscription model. He expresses optimism about operating leverage, with revenues growing significantly while operating expenses remain relatively stable. The forecast suggests a substantial increase in earnings per share compared to the previous year, with regulatory credits playing a diminishing role in overall profitability. The presenter emphasizes that while his forecast might be aggressive, any result exceeding analyst consensus should be viewed positively.