Tesla, Inc. (NASDAQ:TSLA) is set to announce third quarter earning results on Wednesday 21st October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TSLA to report 3Q20 income of $ 0.56 per share.
For the full year, analysts anticipate top line of $ 30138.70 million, while looking forward to income of $ 1.75 per share bottom line.
Previous Quarter Performance
Tesla, Inc. unfold income for the second quarter of $ 2.18 per share, from the revenue of $ 6,036.00 million. The quarterly revenues shrunk 4.94 percent compared with the same quarter last year. According to street consensus, TSLA was expected to report 2Q20 loss of $ 0.11 per share from revenue of $ 5232.59 million. The top line results outshined analysts by $ 803.41 million or 15.35 percent.
Stock Performance
Shares of Tesla, Inc. traded low $ -8.89 or -2.06 percent on Tuesday, reaching $ 421.94 with volume of 30.88 million shares. Tesla, Inc. has traded high as $ 431.75 and has cracked $ 419.05 on the downward trend
The closing price of $ 421.94, representing a 758.74 % increase from the 52 week low of $ 50.17 and a 14.26 % decrease over the 52 week high of $ 502.49.
The company has a market capital of $ 393.17 billion and is part of the Consumer Cyclical sector and Auto Manufacturers industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Wedbush at Neutral rating, with $ 500.00 target price.
- On 16th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 333.00 target price.
- On 14th October 2020, maintained by Goldman Sachs Group at Neutral rating, with $ 450.00 target price.
- On 13th October 2020, maintained by Citigroup at Sell rating, with $ 117.00 target price.
- On 23rd September 2020, maintained by Robert W. Baird at Neutral rating, with $ 360.00 target price.
Conference Call
Tesla, Inc. will be hosting a conference call at 5:30 PM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tesla.com
Tesla, Inc. designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage.
