Instant Reaction: Tesla Earnings Surpass Expectations
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 23 October 2024
⏱️ 14 minutes
🧾️ Download transcript
Summary
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Tesla surpassed Wall Street estimates for earnings in the third quarter, reflecting a rebound in demand for the company’s electric vehicles. The EV maker also said it expects to achieve slight growth in vehicle deliveries for the full year. For instant reaction and analysis, hosts Tim Stenovec and Katie Greifeld speak with Gerber Kawasaki Wealth Management CEO Ross Gerber and Bloomberg Technology cohost Ed Ludlow.
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Transcript
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| 0:49.8 | Podcasts, radio news. |
| 0:52.2 | Our own day on a whole noting that Tesla is giving some quasi-bullish guidance. |
| 0:56.7 | The company delivered 1.8 million cars in 2023. |
| 1:01.0 | A average selling prices fell in the quarter. |
| 1:03.8 | There was some FX impact. |
| 1:06.4 | There was a slight top line miss, as Ed Ludlow points out on the live blog. |
| 1:10.3 | The company's third quarter automotive gross margin excluding credits came in way above estimates at 17.1% estimates were for 14.9%. |
| 1:20.0 | We got with us the perfect guest when it comes to what's going on with Tesla. |
| 1:25.6 | Ross Gerber is joining us. |
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