Gear Up for Tesla (TSLA) Q3 Earnings: Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts forecast Tesla's quarterly earnings to be $0.53 per share, reflecting a year-over-year decline of 26.4%, with revenues expected to reach $26.45 billion, an increase of 5% compared to the previous year [1]. Earnings Projections - Over the last 30 days, the consensus EPS estimate has been revised downward by 1.7%, indicating a collective reassessment by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts project 'Revenues- Automotive sales' to be $19.32 billion, representing a year-over-year increase of 2.6% [4]. - 'Revenues- Energy generation and storage' are expected to reach $3.30 billion, indicating a significant year-over-year increase of 38.9% [5]. - 'Revenues- Services and other' are estimated at $3.24 billion, reflecting a 16.2% increase from the prior year [5]. - 'Revenues- Automotive regulatory credits' are projected to be $437.96 million, showing a decline of 40.7% year-over-year [5]. Geographic Revenue Breakdown - 'Geographic Revenues- United States' are expected to reach $13.17 billion, a year-over-year increase of 4.7% [6]. - 'Geographic Revenues- Other International' are projected at $7.52 billion, indicating an 8.4% increase from the previous year [6]. - 'Geographic Revenues- China' are estimated at $5.46 billion, reflecting a year-over-year decline of 3.6% [6]. Vehicle Deliveries - Total vehicle deliveries are expected to be 467,163, slightly up from 462,890 in the same quarter last year [7]. - 'Other models deliveries' are projected at 17,760, down from 22,915 in the same quarter last year [7]. - 'Model 3/Y deliveries' are estimated to reach 444,641, compared to 439,975 in the same quarter of the previous year [7]. Storage and Units - Analysts estimate 'Storage deployed' to be 11,598 megawatt hours, up from 6,900 megawatt hours in the same quarter last year [8]. - 'Total Leased Units' are projected at 15,423, compared to 14,449 in the same quarter last year [8]. Stock Performance - Tesla shares have returned +2.9% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [8].