Investors will be closely watching Tesla’s quarterly results on Wednesday for indications of its performance in China, where the electric carmaker has posted robust sales in the face of negative publicity and a host of new domestic competitors. According to Tesla’s report, sales in China grew by 44% from quarter to quarter.
The potential growth might be caused by the better-than-expected performance of the Shanghai factory, which uses domestic details including batteries.
Experts expect that Tesla will announce about revenue jump, which was driven by global deliveries in the July to September period. Despite this, some analysts believe that the worldwide supply chain issues could increase costs and decrease the company’s revenue.
Expectations
Analysts and experts forecast: Revenue = $13.57B, Earnings per share = $1.52
Technical analysis
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