Tesla (TSLA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Tesla reported revenue of $25.18 billion for Q3 2024, a 7.9% increase year-over-year, but fell short of the Zacks Consensus Estimate of $25.55 billion by -1.45% [1] - The company achieved an EPS of $0.72, exceeding the consensus estimate of $0.58 by +24.14% [1] Financial Performance Metrics - Total vehicle deliveries were 462,890, slightly below the average estimate of 465,802 [1] - Model 3/Y deliveries totaled 439,975, compared to the average estimate of 443,510 [1] - Other model deliveries reached 22,915, against an average estimate of 23,457 [1] - Automotive sales revenue was $18.83 billion, below the average estimate of $20.54 billion, reflecting a year-over-year change of +1.3% [1] - Energy generation and storage revenue was $2.38 billion, slightly below the average estimate of $2.40 billion, with a year-over-year increase of +52.4% [1] - Services and other revenue amounted to $2.79 billion, exceeding the average estimate of $2.60 billion, marking a +28.8% year-over-year change [1] - Automotive regulatory credits revenue was $739 million, surpassing the average estimate of $519.19 million, with a +33.4% year-over-year increase [1] - Automotive leasing revenue was $446 million, above the average estimate of $378 million, but showed a year-over-year decline of -8.8% [1] - Total Automotive Revenue reached $20.02 billion, exceeding the average estimate of $19.81 billion, with a year-over-year change of +2% [1] - Gross profit from total automotive was $4.03 billion, surpassing the average estimate of $3.55 billion [1] - Gross profit from services and other was $246 million, exceeding the average estimate of $154.01 million [1] - Gross profit from the energy generation and storage segment was $725 million, above the average estimate of $650.69 million [1] Stock Performance - Tesla shares have returned -14.3% over the past month, while the Zacks S&P 500 composite has increased by +2.7% [2] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [2]