SoftBank are teaming up - EuroFinance


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SoftBank are teaming up

20 април 2019

Still, the stock sank following the announcement and is continuing to slide Wednesday as analysts look to Tesla’s third-quarter earnings later this month. The company is expected to report its results on October 31 – when all eyes will be on its bottom line.

Tesla’s total deliveries for the third quarter easily topped Wall Street’s expectations this week, but an upcoming quarterly earnings report and CEO Elon Musk’s departure as board chairman have analysts turning their attention back towards the electric-car maker’s balance sheet. For the quarter ended September 30, Tesla delivered a total of 83,500 vehicles – beating analyst expectations and its own forecasts. Model 3 production, slightly behind the delivery number at 53,239 for the quarter, translates to approximately 4,018 per week over the period’s 13 weeks. In August, Musk said he expected Tesla to produce 6,000 Model 3s a week by the end of the month – a rate the company said should allow it to earn „sustained quarterly profits, absent a severe force majeure or economic downturn, while continuing to grow at a rapid pace.“

Wall Street analysts won’t be convinced of profitability until they see it in a regulatory filing, expected
October 31.