Speaking of analyst expectations, the folks at Bloomberg Intelligence had some interesting ideas about Tesla earnings and its business.
Bloomberg Intelligence analysts think Tesla’s Megapack gains might present as a sweetener in Q4.
“The ramp-up of its Megapack battery plant in Shanghai — almost doubling storage deployment to 60 gigawatt-hours — will likely boost future earnings, with an estimated 30% gross margin outperforming the auto segment,” analysts Steve Man and Peter Lau wrote.
They noted that Tesla’s updated Model Y launch and much-anticipated new, more affordable model will expand market reach, but they don’t expect to see the impact of that on the balance sheet until late 2025.
“A production decline in the quarter may suggest preparation for a Model Y refresh,” they wrote.
Other expectations from Bloomberg Intelligence:
- Cybertruck’s drag on Tesla’s margins in Q4 will likely extend through the year.
- A meaningful top-line volume boost will be dependent on whether Tesla can scale its new, cheaper vehicle post-2025.
- Today’s earnings call will build on the Tesla “We, Robot” event, with investors likely to ask questions about the rollout of Tesla’s sub-$30,000 vehicle, the Cybercab.
