Tesla Pre-Earnings Outlook with Mixed Market Reaction

4 days ago

Scarlet Fu

"Absolutely. Scarlet. So that stock not moving too much today. So ticker TSLA that's down just about 0.3% but it is the second day of losses. So a lot of expectations of course for the third quarter earnings after the close. They're expected to actually report a solid set of results uh primarily because we did see uh the record deliveries figure earlier this month. But of course that is because of uh potentially customers taking advantage of this tax credit that $7500 that uh people can use toward purchasing an EV vehicle that is expiring or has already expired. And so you know there was a rush to get those vehicles before that deadline. So, question is, can the deliveries be sustained, right? Or is it just kind of a one-off thing? Um, >> I would make the call. It doesn't matter because Elon's going to get on the call. He's going to try to redirect you away from the fact that he's an auto company. >> Shiny white thing over here. >> It's the robo taxes and you know what? He nobody does it better than he does and and his investor base is happy to make that play."

The discussion on Tesla (TSLA) centers on the pre-earnings environment as the stock shows little movement despite being on a second day of losses. The focus is on record deliveries bolstered by a tax credit-driven rush, although questions remain on whether these results are sustainable.

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