TSLA

If Tesla can keep growing at 55%, as it did in the third quarter, TSLA stock bulls won't be stampeded by the growing global competition.

But there’s also [a consensus rating](https://www.benzinga.com/quote/GM/analyst-ratings) of “buy” on GM. On the date of publication, Dana Blankenhorn did not hold (either directly or indirectly) any positions in the securities mentioned in this article. For the [three months](https://tesla-cdn.thron.com/static/WTULXQ_TSLA_Q3_2022_Update_KPK2Y7.pdf) ending in September, Tesla saw net income of $3.33 billion and earnings per share of 95 cents on revenue of $21.45 billion. [TSLA](https://investorplace.com/stock-quotes/tsla-stock-quote/)) stock fell almost 6% overnight after the company missed revenue expectations for its third quarter. Musk will need to sell some of his own Tesla stock to complete the purchase, which should add to selling pressure. There will also be bearishness over Tesla’s dependence on China and global supply chains. Expect Tesla stock to be under short-term pressure as Musk sells down his holdings. Tesla is worth more than 10 times auto companies like GM, despite having just 60% of GM’s revenue. Its gross margin for the third quarter under GAAP was 25%, and it had free cash flow of nearly $3.3 billion. It ended the quarter with $21.1 billion in cash. He said its value is an order of magnitude more than the market cap. It said the problem is being handled.

TSLA stock is falling and the Q3 earnings report. Here's what investors should take away from Tesla's quarter and what they can expect.

The earnings call confirmed that while Musk is well aware that he is overpaying for Twitter, it isn’t affecting his decision. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. [in the final lap](https://www.theverge.com/2022/10/20/23414347/elon-musk-tesla-earnings-twitter-cybertruck-fsd-twitter) on Cybertruck,” he did not have any firm dates as to when the vehicle will be released. [Experts have agreed](https://investorplace.com/2022/06/experts-agree-elon-musks-twitter-takeover-could-sink-tsla-stock/) that Musk taking over the social media platform likely won’t be good for TSLA stock. While that may be ultimately good for Musk, some experts are concerned that the deal will push TSLA stock down in the short term. Bill George of Harvard Business School recently voiced concerns regarding the distraction it could pose for the Tesla CEO. While there is still no release date on record, this news indicates that Tesla is progressing toward getting the Cybertruck onto the road. Last week brought more negative news on the EV battery front when Tesla reported that it would be Specifically, they’ve worried that it won’t be able to procure the resources it needs to continue scaling production. The revenue miss supports the bearish thesis that Tesla isn’t selling as many cars as it should be. And while automotive gross margins stayed the same as the previous quarter at just shy of 28%, they did not demonstrate any improvement. After spending the month on a steady downward trajectory, TSLA stock needed a positive catalyst.

Tesla's net income (GAAP) for Q3 2022 reached $3.33 billion and automotive margins remained stable at 27.9%.

The company reiterated that deliveries of its Semi electric heavy duty truck will begin in December, and confirmed that it is producing the Semi in Nevada, where it produces battery packs for its vehicles in the US. But Tesla increased its store and service center locations by just 6% in the third quarter, adding 41 new locations versus the second quarter of 2022. As of the end of the third quarter, Tesla said it was operating 728 store and service locations, with a fleet of 1,532 mobile service vehicles. Tesla's energy unit generated $1.12 billion in revenue for the quarter. Tesla's energy division competes for battery cell supply with its automotive division and versus other electric vehicle makers. [deliveries](https://www.cnbc.com/2022/10/02/tesla-tsla-q3-2022-vehicle-delivery-and-production-numbers.html) for the quarter ending September 30 reached 343,000 and vehicle production reached 365,000. Energy revenue growth came mostly from sales of energy storage systems. Tesla's automotive regulatory credits made up 1.5% of automotive revenues at $286 million for the quarter. He added, "North America's in pretty good health, although the Fed is raising interest rates more than they should, but I think they'll eventually realize that and bring them down again." In fact I see a potential path for Tesla to be worth more than Apple and Saudi Aramco combined. "The factories are running at full speed and we're delivering every car we make, and keeping operating margins strong." That doesn't mean it will happen or will be easy."

Tesla earnings topped Q3 estimates, but revenue missed. TSLA stock, near a 52-week low, slipped after hours, ahead of the conference call.

That followed a 0.8% gain to 222.04 for TSLA stock in the regular session. "We are making progress on the industrialization of Cybertruck," Tesla said. At the same time, waiting lists for Tesla vehicles in China have been getting shorter, so growth may have to rely on exports. Incentives for new commercial EVs include tax credits of up to $40,000. The difference reflected vehicles in transit at the end of the quarter, the company said. Langan increased his earnings estimates for Tesla by 33% through 2026 to reflect Inflation Reduction Act incentives. The law provides $7,500 tax credits for EVs that qualify based on where the vehicles and battery materials are produced. Incentives for U.S.-based production could amount to $3,100 per vehicle, or $2.8 billion for Tesla, based on its potential 900,000 U.S. Since the Q2 report, passage of the Inflation Reduction Act has improved the intermediate-term financial outlook for Tesla. It's unclear the extent to which EV demand can withstand recession. Tesla has been targeting a 50% annual increase in deliveries to 1.4 million this year. Nelson said that Tesla's hefty cash balance of $21.1 billion could raise pressure for a stock buyback.

Tesla (TSLA) has released its financial results and shareholders letter for the third quarter of 2022 after market close today.

[Subscribe to Electrek on YouTube for exclusive videos](https://www.youtube.com/channel/UCcOIZzJgLCyMPILY7-1Vsdg?sub_confirmation=1) and subscribe to the [podcast](https://www.electrek.co/guides/electrek-podcast). Be sure to check out our [homepage](https://electrek.co/)for all the latest news, and follow Electrek on [YouTube channel](https://youtube.com/c/electrekco)for the latest reviews. [Tesla’s Q3 2022 shareholder presentation](https://tesla-cdn.thron.com/static/WTULXQ_TSLA_Q3_2022_Update_KPK2Y7.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22159bab3d-c16f-472a-8b55-af55accc1bec.pdf%22) in full and conference call: [subscribing to Electrek on Google News](https://news.google.com/publications/CAAqBwgKMKqD-Qow6c_gAg?ceid=US:en&oc=3). These would be new records for Tesla thanks to new record deliveries of over 343,000 electric vehicles during the quarter. It stayed at 27.9% this quarter, which is high for the auto industry. Refresh for the latest information.

Here's how to listen to Tesla (TSLA) as the company reports on its Q3 2022 earnings in a conference call.

We will be uploading the full Q3 2022 earnings call to the The Tesla (TSLA) Q3 2022 earnings call is scheduled for 2:30 p.m. Tesla (TSLA) is set to report on its Q3 2022 earnings today. You can listen to the Tesla (TSLA) Q3 2022 earnings call right here on Shacknews, and then stay tuned for more information we as breakout important highlights. Find all the coverage on our Join us over there to participate in the conversation or watch using the Twitch embed below.

All eyes will turn to Tesla (TSLA) on Wednesday as the FANGT sector looks to reestablish its leadership role in the overall health of the stock market.

Invalidation of the bearish thesis is a breach above $17. The author makes no representations as to the accuracy, completeness, or suitability of this information. Experts doubt the BoJ is intervening, despite a warning from FinMin Suzuki. Risk sentiment has been doused by ongoing disruptions in UK politics and US monetary policy skewed heavily to the hawkish side. The author will not be held responsible for information that is found at the end of links posted on this page. AUD/USD remains on the back foot around 0.6250 despite mixed Aussie statistics as risk-aversion and hawkish Fed bets propel the US dollar during Thursday. The author has not received compensation for writing this article, other than from FXStreet. All eyes will turn to Tesla (TSLA) on Wednesday as the FANGT sector looks to reestablish its leadership role in the overall health of the stock market. It also does not guarantee that this information is of a timely nature. If Tesla breaks lower, then it will likely test the lower end of the trend support and 200-week moving average at $160. So far, fallen angel Netflix (NFLX) has kept up its side of the bargain with strong subscriber numbers seeing the stock rocket by up to 14% in Tuesday's afterhours session. Whether this is enough to fend off some of the doubters remains to be seen.

Months after the CEO insisted the carmaker's problem is production, it reported disappointing deliveries.

Tesla (TSLA) announced that its energy storage division delivered a new record number of batteries in Q3 2022.

[Subscribe to Electrek on YouTube for exclusive videos](https://www.youtube.com/channel/UCcOIZzJgLCyMPILY7-1Vsdg?sub_confirmation=1) and subscribe to the [podcast](https://www.electrek.co/guides/electrek-podcast). Be sure to check out our [homepage](https://electrek.co/)for all the latest news, and follow Electrek on [YouTube channel](https://youtube.com/c/electrekco)for the latest reviews. [subscribing to Electrek on Google News](https://news.google.com/publications/CAAqBwgKMKqD-Qow6c_gAg?ceid=US:en&oc=3). Tesla had previously been producing Megapacks exclusively at Gigafactory Nevada, but production is now ramping up fast at Megafactory in California. We are in the process of ramping production at our dedicated 40 GWh Megapack factory in Lathrop, California to address the growing demand. Megapacks contribute a lot more with fewer units since a single Megapack can deliver over 3 MWh of energy capacity.

Tesla Inc on Wednesday posted record third-quarter revenue but still missed Wall Street estimates as the electric carmaker led by billionaire Elon Musk ...

Musk has been trying to raise cash to fund his $44 billion deal to take Twitter Inc private. Tesla's market cap is now under $700 billion, while Apple is worth $2.3 trillion and oil producer Saudi Aramco is worth $2.1 trillion. "Raw material cost inflation impacted our profitability along with ramp inefficiencies" from its new factories in Berlin and Texas, and the production of its new 4680 batteries, according to Tesla's statement. [(TWTR.N)](https://www.reuters.com/companies/TWTR.N), although he and other investors were [overpaying](/markets/deals/musk-says-excited-by-twitter-deal-despite-overpaying-2022-10-19/) for the social media company. [(AAPL.O)](https://www.reuters.com/companies/AAPL.O) and Saudi Aramco [(2222.SE)](https://www.reuters.com/companies/2222.SE), combined. Musk added that production of the 4680 battery was gaining rapid traction, although executive Andrew Baglino said, "There are challenges still ahead that we have not yet surpassed. Some experts say Musk may need [(TWTR.N)](https://www.reuters.com/companies/TWTR.N). [to sell about $3 billion more in stock](/markets/us/how-will-elon-musk-pay-twitter-2022-10-07/) after the earnings announcement to help fund the deal. [delivered 35% more vehicles](/business/autos-transportation/teslas-third-quarter-deliveries-miss-estimates-2022-10-02/) in the July-September period than in the previous quarter, but the record number was shy of vehicle production and analysts' estimates. Musk also said the company has the ability to do a stock buyback in the range of $5 billion to $10 billion, pending board review and approval. [(TSLA.O)](https://www.reuters.com/companies/TSLA.O) Chief Executive Elon Musk on Wednesday said he expected the company would miss its vehicle delivery targets this year, but downplayed concerns about softening demand after the company's revenue missed Wall Street estimates.