TESLA RELEASED ITS LATEST RESULTS FOLLOWING THE US STOCK MARKET CLOSE ON OCTOBER 23, WHICH OUTPERFORMED MARKET EXPECTATIONS, PUSHING THE STOCK PRICE UP MORE THAN 13% ABOVE THE $240 LEVEL DURING OVERNIGHT TRADING. We'll see today. $Tesla (TSLA.US)$ The latest performance determines whether a company can end the adjustment momentum and is it a rebound or a turning point?
Simply put, from the bottom line, only services and other revenue beat market expectations in terms of revenue. Overall revenue was weak, but the company'sOverall gross margin far exceeded market expectations, the overall gross profit margin rose to 19.8% in the latest quarter,Far higher than Bloomberg's comprehensive forecast16.7% led the company's overall profitability to beat market expectations, which is believed to be the main reason behind the stock price rally.
I will explain the detailed performance of the results in detail, please refer to our rates for details”After the results, the stock price rose! Tesla profit unexpectedly flips, Q3 EPS up 9%, Cybertruck makes first profit turnaround“。 The author will list below what I will consider the highlights of this time.
From a writers' point of view, the automotive and energy storage businesses are the core businesses of Tesla at the moment, but the gap between revenue and expectations should not affect the share price too much, mainly because in the release of operating data at the beginning of October, investors have a clear understanding of the volume of shipments of the related businesses and the deployment of the energy business The situation is that the gap is only because the decline in the average selling price (asp) is still greater than the market expected, but the companyThere is more powerful control...