Here come Tesla earnings
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 20 October 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Show Notes
UBS upgrades view on U.S. stocks to attractive - here are its top picks
Earnings Calendar
Episode transcripts: seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving events, |
| 0:11.1 | along with the weekend's top news and analysis. |
| 0:14.0 | Hello, today is Sunday, October 20th, and I'm your host Kim Khan. |
| 0:18.0 | Tesla earnings highlight this week as reporting season gains steam. |
| 0:21.0 | Analysts expect the EVmaker to post revenue of $29.73 billion and |
| 0:26.2 | EPS of 86 cents when issues results on Wednesday. |
| 0:30.1 | Gross margin is expected to come in in 18.77%. |
| 0:34.0 | For the conference call, a point of major emphasis will be Elon Musk's commentary |
| 0:38.1 | on the timing of a new mass market cheaper electric vehicle, |
| 0:41.2 | as well as the latest updates on full self-driving energy storage |
| 0:44.9 | business and robo-taxy developments. Seeking Alpha analyst Richard Durant who |
| 0:50.0 | has a cell rating on the stock says the business faces a critical 12 to 18 month period |
| 0:55.3 | as its investments in self-driving technology are reaching a point where significant progress |
| 1:00.0 | will be needed for the company to maintain its valuation premium. This is a risky |
| 1:04.4 | setup as it is largely unknown how self-driving performance will improve with |
| 1:08.8 | access to more data but the results aren't particularly encouraging so far. |
| 1:13.0 | But in the bullish camp, Oliver Rodzianco says the recent |
| 1:17.0 | we-robot event was a success, despite the precipitant stock decline. |
| 1:21.0 | Not only does it show Tesla's investors and customers that the company's |
| 1:24.9 | plans have a substantial grounding, but the company should be commended for how quickly it embraced |
| 1:29.8 | a full pivot to autonomous taxis, he said. |
| 1:33.0 | Although Musk previously announced that Tesla's |
... |
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