Users acknowledge that any investment in Leveraged Products involves a certain degree of uncertainty and that any such investment involves a high level of risk for which users are solely responsible and liable. With view on Daily chart, Tesla The stock price trades at lower after rejection of the major resistance level $ 460.00. Receive top posts on income generating secrets, news and more..

Third quarter revenue is expected to grow 30% year over year at $ 8.2 billion.

Please check your email for further instructions. Tesla says that the facility, which lies just outside Berlin, will be getting equipment delivered soon, which is in line with the Tesla model of construction -- fast, fast, fast. All information provided has been obtained from reputable sources and any information that contains an indication of past performance is not a guarantee or a reliable indicator of future performance. PALO ALTO, Calif., Oct. 08, 2020 (GLOBE NEWSWIRE) -- Tesla will post its financial results for the third quarter of 2020 after market close on Wednesday, October 21, 2020. Even so, Levy emphasized that investor sentiment should remain positive even if Tesla misses its delivery target. We delete comments that violate our policy, which we encourage you to read. Q3 was also significant for the Big T in other ways. Patrick Pleul/dpa-Zentralbild/ZB (Photo by Patrick Pleul/picture alliance via Getty Images). On the contrary, the average 12-month target price for TSLA offered by 7 analyst firms over the past 3 months is at $ 322.69with an upper limit at $ 578 and a lower limit at $ 19. In general, Tesla has managed to offset some of its slump in new car sales due to increased demand in China when most plants worldwide had to close following the spread of Covid-19. TESLA – Q3 2020 earnings preview. Thanks for subscribing! The company currently ranks 3rd in the Zacks ranking system, which points to investors hold. Keep your eyes glued to Roadshow for further coverage from the earnings call itself. My Online Startup Insider | Get Paid For Sharing A Free Course!

At that time, Tesla will issue a brief advisory containing a link to the Q3 2020 update, which will be available on Tesla’s Investor Relations website. How To Play Tesla Following a Q3 Deliveries Beat Tesla stock is still dangerously overvalued By Wayne Duggan , InvestorPlace Contributor Oct 5, 2020, 2:00 pm EDT October 5, 2020 FavorsAbove | Experience Peace Like Never Before, Huge drop in preliminary claims as knowledge updates for California, FX Replace Oct 22 – USD licks its wounds forward of debate, Writing Your Ebook – The Easy Way – Eagle Blogging. Tesla management will hold a live question and answer webcast that day at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook. Musk also surprised the world by announcing the Full Self-Driving beta release on Oct. 20, though what precisely that changes has been left ambiguous. Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website. We are not liable for any losses arising from investments made based on the information contained in this release. At that time, Tesla will issue a brief advisory containing a link to the Q3 2020 update, which will be available on Tesla’s Investor Relations website. For additional information, please visit http://ir.tesla.com. The asset price is currently trading well above the important support level $ 400.00while staying under pressure below the alligator moving average. A price cut on one of its models (Model 3 Standard Range Plus) would likely keep Tesla competitive, undercutting the competing local EV manufacturers in China. The company needs to achieve 30% Q-o-Q growth in shipments to meet its 500,000-vehicle delivery target and “Average and Mean Seasonality” is unlikely to suggest growth of 9% and 14%, respectively. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Google+ (Opens in new window). This announcement may not be reproduced or further distributed without our prior written consent. The majority of these sales were for the Made in China Model 3, which is manufactured at the Gigafactory Shanghai. Posted on October 20, 2020 October 20, 2020 by NNEJI. Tab Accelerator - Powerful Traffic Exchange Software, Instant Startups – Simple Low Cost Online Businesses Ideas You Can Start Today…. At that time, Tesla will issue a brief advisory containing a link to the Q3 2020 update, which will be available on Tesla’s Investor Relations website. © 2020 GlobeNewswire, Inc. All Rights Reserved. Your email address will not be published. Tesla also dropped the price on the Model S to a cringe-inducing $69,420 to compete with the Lucid Air, despite that car not actually being available to purchase yet.

The upgrades in facility production capacity finally got Tesla to its goal of being able to produce 500,000 cars per year. Two weeks ago, the company reported record deliveries of 139,300 vehicles for the third quarter of 2020, beating analysts' estimates of 137,000 vehicles. We expect some kind of Cybertruck-related announcement from Musk during the earnings call in response to this. During its recent Battery Day presentation, the company announced its plans to upend the industry-standard means of producing battery cells by going to its bigger, tabless 4380 cells.
This marks the fifth consecutive quarter of profitability for the EV maker, and with record amounts of customer deliveries as well as production capacity expansions for its biggest-selling model (the Model 3, for those of you playing at home), that kind of makes sense. Notify me of follow-up comments by email. Be respectful, keep it civil and stay on topic. Well, it's Tesla earnings report time once again, and in news that's becoming less of a surprise, Tesla was profitable again for Q3 of 2020. Required fields are marked *. Tesla also reported total production that was more than total deliveries in the third quarter and came in at 145,036 vehicles.

The MACD high speed line remains configured negative as its slow line approaches the neutral line. Tesla's best performance to date was in the fourth quarter of 2019 with 112,000 vehicles delivered. PALO ALTO, Calif., Oct. 08, 2020 (GLOBE NEWSWIRE) -- Tesla will post its financial results for the third quarter of 2020 after market close on Wednesday, October 21, 2020. Well, it's Tesla earnings report time once again, and in news that's becoming less of a surprise, Tesla was profitable again for Q3 of 2020. Given the cumulative vehicle deliveries over the past three quarters (Q1 – 88,400, Q2 – 90,650 and Q3 – 139,300), an additional delivery of 181,650 vehicles is required to “comfortably exceed” the year-end 500K target. Tesla also made battery leaps, there's Full Self-Driving news and more. Tesla’s (NASDAQ:TSLA) third-quarter earnings for 2020 saw the electric car maker post $8.771 billion in revenue, beating Wall Street’s expectations. PALO ALTO, Calif., October 8, 2020 – Tesla will post its financial results for the third quarter of 2020 after market close on Wednesday, October 21, 2020. The short-term price behavior suggests that the asset will continue to test the support zone $ 430.00 that corresponds to 61.8 FE level.

Nothing in this release contains, or should be construed as, any investment advice or recommendation, or an invitation to buy or sell any financial instrument.
A successful close below $ 420.00 in the candlestick could indicate that asset price will extend its losses towards the day next level of support at the $ 400.00. click Here to access the economic calendar. According to Levy, Senior Equity Research Analyst at Credit Suisse, shipments could be capped at 486,000 for the full year. The Gigafactories in the US and Shanghai are trucking along, while the factory in Germany is presently scheduled to come online in 2021. LegitPaidOnlineSurveys.com - Getting Paid for Online Surveys! PALO ALTO, Calif., Oct. 08, 2020 (GLOBE NEWSWIRE) -- Tesla will post its financial results for the third quarter of 2020 after market close on Wednesday, October 21, 2020. © CBS Interactive Inc. All Rights Reserved.

Biden's climate plan could serve as a positive catalyst for TESLA to take another bull ride.

Your email address will not be published. On October 21, the US electric vehicle giant Tesla, Inc. (NASDAQ: TSLA) is expected to post earnings for the fiscal quarter ending September 2020 after the market closes. Technically on the Weekly chart the #Tesla The share price has remained consolidated for the past 7 weeks since its massive drop in the week of August 23, which represents a loss of over 80%. Disclaimer: This material is for informational purposes only and is intended to be a general marketing release and does not constitute independent investment research. Tesla's forthcoming Cybertruck got its next big helping of competition from General Motors in the form of the new electric GMC Hummer. Subscribe to the Roadshow newsletter, receive notifications and see related stories on CNET. On October 21, the US electric vehicle giant Tesla, Inc. (NASDAQ: TSLA) is expected to post earnings for the fiscal quarter ending September 2020 after the market closes. The number of vehicles delivered in the third quarter is around 1.5 times higher than in the previous quarter (90,650). While the Model 3 is still more expensive than many other competitors, it is still in high demand for its great technology, features, safety, and performance. Additionally, ramped-up Model Y production and shipments are expected to boost the company's overall performance. At that time, Tesla will issue a brief advisory containing a link to the Q3 2020 update, which will be available on Tesla’s Investor Relations website. Powerhouse Affiliate - How to Cash In With CPA Marketing, Article Wholesaler — Done-for-You Content and Articles with Private Label Rights. Zacks' consensus estimate for Tesla's third-quarter earnings is 55 cents per share.

CEO Elon Musk stated at the annual general meeting in September that vehicle deliveries are expected to grow 30 to 40% (year-on-year), implying deliveries of 477,750 to 514,500 vehicles in 2020. MACD has shown decreasing dynamics below zero. It's worth noting that while TESLA has seen impressive sales growth while maintaining profitability during the Trump presidency, the company may still have a lot of growth potential if Biden wins the November 3rd election. Discussion threads can be closed at any time at our discretion. Gene Munster breaks down Tesla earnings Fast Money CFO Zachary Kirkhorn said on Wednesday's call that Tesla now aims for 500,000 deliveries in 2020, … Sign up today for your free Reader Account.