Tesla's Earnings Surprise: Stock Soars on Strong Results
Tesla (TSLA) shares surged in pre-market trading on Thursday following the release of its third-quarter earnings report. Investors were particularly impressed by the company's stronger-than-expected gross margins and positive outlook for future growth.
Despite missing analyst estimates for revenue, Tesla delivered record quarterly volumes and adjusted earnings per share. The company also announced that its highly anticipated cheaper EV is on track for production next year.
- Revenue: $25.18 billion (missed expectations)
- Adjusted EPS: $0.72 (beat expectations)
- Gross Margin: 19.8% (significantly higher than expected)
- Vehicle Deliveries: 462,890 (up from the previous quarter)
- Future Outlook: CEO Elon Musk hinted at 20-30% growth in vehicle deliveries next year.
There were many factors behind the surge in stock price from $TSLA:
- Stronger-than-expected gross margins: Tesla's ability to improve its profitability is a major positive for investors.
- Positive outlook for future growth: Musk's comments on potential delivery growth next year have boosted investor confidence.
- Cheaper EV on track: The upcoming launch of a more affordable Tesla model could expand the company's market reach.
However it wasn’t only good news that came out of the earnings reports. There are still some obstacles and challenges for Tesla:
- Cybercab production delay: While Tesla announced plans for the Cybercab, the production timeline has been pushed back to 2026.
- Competition: The electric vehicle market is becoming increasingly competitive, with other companies like Rivian and Lucid Motors making significant strides.
Overall, Tesla's Q3 earnings report was a positive surprise for investors, and the stock's surge reflects the market's optimism about the company's future prospects. However, it's important to consider the challenges ahead and the potential impact of increased competition. Get a trading coach so that you can learn how to trade these types of plays!!
Boeing's Double Whammy: Satellite Failure and Ongoing Strike
Boeing has faced another setback with the failure of its 33e satellite in orbit. This incident comes on the heels of the company's troubled Starliner mission and a criminal fraud charge related to the 737 Max plane crashes. The satellite, launched in December 2023, stopped working due to an "anomaly" before being declared a total loss. Boeing is currently investigating the cause of the failure in collaboration with government agencies.
This satellite failure is particularly concerning for Boeing, as it adds to a growing list of challenges facing the company. The ongoing strike by thousands of machinists has also had a significant impact on Boeing's operations and financial performance. The combination of these setbacks raises questions about Boeing's ability to effectively manage complex projects and maintain quality control. As the company continues to grapple with these challenges, it will be crucial for Boeing to address the underlying issues and restore its reputation in the aerospace industry.
Mick Foley Chooses Team Kamala
In one of our recent blogs we talked about WWE former World Champions “The Big Red Machine” Kane and his on-screen brother “The Undertaker” and their endorsement for Donald Trump. The Undertaker even had Trump on his podcast this week!
Another WWE former World Champion and Guardians of the Galaxy Star “Batista” went public about his support for Kamala Harris. Well it looks like Batista has a political tag team partner now, as Mick Foley just posted a video showing his support for Kamala Harris!!
Mick Foley and Batista vs The Undertaker and Kane, who do you got?
