Seeking Alpha
18 Oct 2026, 12:45 UTC · 1h ago
Tesla Earnings Preview: Grounded Margins And Flying Cars
Impact · against what's priced in
The article provides no new catalysts for TSLA, as both the decline in vehicle deliveries and the long-term nature of the flying Roadster are already reflected in the current valuation. The news reinforces the existing bear case regarding the contracting automotive business without offering any evidence to unlock the robotaxi premiums the market currently declines.
- TSLA−0.05
Already priced in
- The price assumes
The current, contracting automotive business, which delivers 73% of revenue but is shrinking at 9.8% annually.
The report of a 2.1% year-over-year drop in third-quarter deliveries and fading Cybertruck demand simply confirms the contraction of the core automotive business that the market already assumes.
What TSLA's price assumes · Aug 25
