From TradingView · · 1m
TSLA weekly long held through Q3 print
Tesla's weekly long trade holds after Q3 earnings report.
In brief
Tesla's weekly long trade holds after Q3 earnings report. Tesla's weekly long trade remains active after Q3 earnings report showed flat revenue and declining margins but growing robotaxi and AI initiatives. Originally reported by TradingView.
Tesla weekly long trade
I bought TSLA this morning off the weekly chart, around 385, with the stop at 350.19 and targets at 429 first, then 503.
Q3 earnings report
Revenue was flat at $28B, deliveries fell 2% and operating margin dropped to 2.6% from 5.8%.
Car business performance
Margins on cars improved to 18.1% excluding credits against 15.4% a year ago, with battery supply capping deliveries.
Robotaxi and AI progress
Optimus production started in Fremont, Cybercab carries riders in Austin with 2M unsupervised miles, and FSD covers 75% of new North American deliveries.
Capital allocation
Tesla spent $4.7B on capex and had $1.5B free cash flow with $45B cash, while Meta reported negative free cash flow.
The short version
Tesla's weekly long trade remains active after Q3 earnings report showed flat revenue and declining margins but growing robotaxi and AI initiatives.
