Tesla
TSLA
is expected to publish its Q3 2023 earnings on October 18, reporting on a quarter that saw the company’s deliveries take a hit due to planned factory shutdowns which reduced production. We expect Tesla’s revenues to come in at $24.3 billion, slightly ahead of consensus estimates and about 11% ahead of last year. Earnings are likely to come in at about $0.78 per share, slightly ahead of the consensus and a decline of about 25% versus last year. See our interactive dashboard analysis on Tesla Earnings Preview for more details on how Tesla’s revenues and earnings are likely to trend for the quarter. So, what are some of the trends that are likely to drive Tesla’s results?
We note that TSLA stock has had a Sharpe Ratio of 0.9 since early 2017, which is better than 0.5 for the S&P 500 Index over the same period. This compares with the Sharpe of 1.2 for the Trefis Reinforced Value portfolio. Sharpe is a measure of return per unit of risk, and high-performance portfolios can provide the best of both worlds.
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