周一，特斯拉股价下跌0.8%，收于218.85美元，而标普500指数和道琼斯工业指数分别下跌0.2%和0.8%。On the eve of the financial report, tesla's stock price continued to decline, shifting investor focus to profit margins and demand for electric autos. Despite record delivery volumes, production costs and incentive measures are putting more pressure on profitability.
In the opening of this week's trading, $Tesla (TSLA.US)$ Stock prices continue to fall, preparing for the release of financial reports this week. On October 23, Tesla will announce its latest financial report after the post-market trading of the US stocks.
With known delivery volumes and the end of Robotaxi daily activities, investors will focus on Tesla's operating margin and demand for electric vehicles.
On Monday, Tesla's stock price fell by 0.8% to $218.85, while the S&P 500 index and Dow Jones Industrial Index fell by 0.2% and 0.8% respectively.
Since the financial report was released on July 23, Tesla's stock price has fallen by about 10%; since Robotaxi Day on October 10, the stock price has also fallen by about 7%.
Second-quarter financial results fell short of expectations, with Tesla reporting earnings of 52 cents per share and revenue of $25.5 billion, while Wall Street expected earnings of 61 cents per share and revenue of $24.5 billion.
During the Robotaxi Day event, investors are hoping to learn more about how Tesla is improving its driver-assist software to achieve fully autonomous driving of vehicles.
According to FactSet data, Wall Street expects Tesla's third-quarter earnings to be around 59 cents per share with revenue of $25.4 billion, compared to Tesla's earnings of 66 cents per share and revenue of $23.4 billion in the same period last year.
In the third quarter, Tesla delivered approximately 0.463 million autos, higher than the 0.435 million in the same period last year.
The operating margin in the third quarter of 2023 was 7.6%, while in the second quarter of 2024 it was 6.3%. Sales growth slowdown, high production costs of the Cybertruck, and higher incentive measures have dragged down Tesla's profitability.
Improvements in the profit margin are crucial for the company. Wall Street expects Tesla's operating margin in the third quarter of 2024 to reach around 8%.
Demand for electric vehicles is equally important. Analyst Dan Ives from Wedbush wrote in a report on Monday, "Musk is expected to discuss demand outlook for the fourth quarter and 2025," noting a warming Chinese market and stable demand in the USA.
According to FactSet data, Wall Street expects Tesla to deliver approximately 0.49 million autos in the fourth quarter, setting a record. Annual deliveries are estimated at around 1.8 million, on par with 2023. By 2025, analysts predict deliveries will soar to around 2 million autos.
Ives rates Tesla stock as "buy" with a target price of $300.
The performance of the margin and the management's profit margin expectations for the remainder of 2024 will largely determine Tesla's stock price trends in the coming weeks.
As of pre-trading Monday, Tesla's stock price has fallen by about 11% since the beginning of the year, with the slowdown in sales growth affecting investor sentiment.
Editor/Somer
