TSLA Earnings Preview: Here’s What to Expect from the EV Giant’s Q3 Results

Electric vehicle giant Tesla (NASDAQ:TSLA) is scheduled to report its third-quarter results after the market closes on Wednesday, October 18. Investors remain focused on the company’s margins, given that CEO Elon Musk continues to slash prices to spur volumes amid growing competition and macro pressures. Analysts expect the company’s Q3 2023 earnings to decline compared to the prior-year quarter due to margin contraction.

Expectations from Tesla’s Q3 Earnings

Tesla reported better-than-anticipated Q2 2023 results. However, the company’s operating margin declined by a staggering 493 basis points year-over-year to 9.6%. During the Q2 earnings call, Musk dismissed worries about near-term margin variances, as he remains confident about the company’s vehicle autonomy technology driving long-term growth.