CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

Tesla Q3 earnings: Production figures signal potential for record revenues

Tesla shares come into focus after record production figures for Q3 raised questions over whether we will similarly see revenues hit a fresh high

Source: Bloomberg

When will Tesla report their latest earnings?

Tesla will post its financial results for the third quarter of 2022 after market close on Wednesday, October 19, 2022. Tesla management will subsequently hold a live question and answer webcast that day at 5:30 p.m. Eastern Time (10.30pm UK time) to discuss the Company’s financial and business results and outlook.

Tesla earnings –What should traders look out for?

Tesla reports on a quarter that has been tough for investors, with the share price underperforming thanks to a wider market environment that does not favour growth stocks with high P/E ratios. The three-months to September did provide a record high number of sales for the company, with over 365,000 vehicles produced, and over 343,000 vehicles delivered.

Nonetheless, this fell short of market expectations, with the stock hitting fresh headwinds as a result. However, those impressive figures are likely to form the basis of a record high revenue figure, with investors keeping a close eye out for any adjustments on margins in the face of recent inflationary pressures.

In his Q2 call, Elon Musk did note that those months were an outlier thanks to the prolongued shutdown of the Shangahi factory. However, the record output from both Fremont and Shanghai forms the basis of a potential blockbuster second half of 2022 if the demand and logistics allow.


Demand has been a key concern for investors, with consumers expected to reign in consumption as the cost of living crisis and recessionary forces impact sentiment. However, Tesla may be an outlier given the long delays people are willing to overcome in a bid to obtain their new vehicle. Whether the firm can better address that solid demand remains to be seem.

Tesla earnings – what to expect

Revenue – $22.2 billion vs $13.7 billion (Q3 2021), and $16.9 billion (Q2 2022).
Earnings per share (EPS) – $1.01 vs $0.62 (Q3 2021) and $0.76 (Q2 2022).

Tesla earnings – valuation and broker ratings


Analysts are largely positive for Tesla shares after the recent declines, with just six ‘sell’ recommendations heading into the third quarter earnings. Out of 32 analysts, there are 27 ‘strong buy’ or ‘buy’ recommendations, and 10 ‘hold’ recommendations.

Source: Eikon

Tesla shares – technical analysis


The weekly Tesla chart highlights the collapse seen over the course of the past month, with price giving way to a fresh bout of losses that have taken the stock into a new three-month low. However, that has taken us into an area of support that looks particularly interesting, starting with an ascending trendline dating back to mid-2021. Aside from that, the 2022 low of $205 and 2021 lows of $179 bring the two subsequent levels of note.

Source: ProRealTime

On an intraday basis, the hourly chart highlights how we continue to produce a nice consistent pattern of lower highs, with further downside expected as a result. We would need to see price rise up through the $244 swing-high to bring about a more positive outlook for this stock.

Source: ProRealTime

Start trading forex today

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.6 points on EUR/USD
  • Analyse market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Related articles

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities
website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

" edit-mode="false" style="--live-prices-table-rows:5" >


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.