Company / Analytics

Analytics, 21 October 2022

Tesla’s Q3 earnings report 2022

Tesla reported its third quarter earnings on Wednesday this week, with the main highlight being a record revenue of $21.45 billion for Q3 whilst still missing analysts expectations of $21.96B. Shares fell 3.5% in after-hours trading following the earnings release and have dropped over 6% so far.

Tesla nearly doubled its net income for Q3, with the company reporting s net income of $3.3B, as compared to $1.62 billion it earned in the same period last year.

Tesla cited increased raw material costs, the strengthening dollar, and issues ramping up production at its Germany and Texas factories as reasons for not hitting Wall Street’s estimates.

The company continues to expand first despite the global economic jitters as Musk, the CEO of the company, reassured investors of the company that demand was still high despite surging inflation and a series of interest hikes among global central banks.

Highlights of the Tesla Earning Report

Musk’s comments on Teslas’s earnings


Next Tesla earning date - 25/01/2023, Q4 of 2022 Fiscal Year, after Market close.

Choose one or several trading platforms and achieve your goals with Investors Europe

Investors Europe (Mauritius) Limited is authorised and regulated by the FSC Mauritius, license C112011088. Registered address: 4th Floor, Les Jamalacs Building, Vieux Conseil Street, Port-Louis 11328, Republic of Mauritius. Registered Number: 113933.

Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures, foreign currencies, and bonds involve a high level of risk. Trading on margin comes with substantial risk as well. You must be aware of these risks before opening an account to trade. The income you may get from online investing may go down as well as up.