Tesla Faces Critical Q3 Earnings Amid Market Challenges

Investors await Tesla's third-quarter earnings report as the company navigates declining stock value and ambitious AI-driven goals.

Tesla's stock has declined by 13% this month, partly due to a lackluster robotaxi event that left investors seeking more detail on future plans.
Analysts expect Tesla to report earnings of 58 cents per share, a 12.1% decrease from last year, with revenue projected to rise by 8.65% to $25.37 billion.
Tesla aims to achieve 1.8 million vehicle deliveries in 2024, requiring strong fourth-quarter sales despite earlier warnings of lower delivery targets.
Profit margins are under scrutiny as Tesla's aggressive pricing strategies and financing options impact earnings, with gross margins expected to fall to 17.3%.
Elon Musk's vision for AI and robotics, including autonomous vehicles, faces regulatory hurdles and investor skepticism over timelines and feasibility.