SpaceX and Tesla Set to Report Third-Quarter Earnings This Week
Space Exploration Technologies Corp (SPCX) and Tesla, Inc. (TSLA) are scheduled to release their quarterly earnings results this week. SpaceX will report on Tuesday, October 20, while Tesla will release its figures on Wednesday, October 21. Both stocks moved higher ahead of the reports, with Tesla rising 3.76% to $368.10 and SpaceX gaining 1.32% to $148.00.
Tesla investors are focusing on automotive profitability after the company reported third-quarter deliveries of 486,500 vehicles. Although deliveries fell 2% year over year, the total beat market expectations. Wall Street consensus estimates call for a gross margin of 17.9% and an operating margin of 2.5%, as investors monitor whether strong delivery volume offsets pricing pressures and ongoing investments in robotics and autonomous driving.
For SpaceX, attention centers on its Starlink business in what marks its second earnings release since going public in June. In the second quarter, the Connectivity segment generated $4.3 billion in revenue, up 66% year over year, while operating income reached $1.7 billion. Investors will watch whether Starlink can maintain its momentum beyond 12 million subscribers and $66 average revenue per user as the firm expands enterprise adoption and artificial intelligence infrastructure spending.
Key points
- SpaceX (SPCX) reports third-quarter results on October 20, followed by Tesla, Inc. (TSLA) on October 21.
- Tesla delivered 486,500 vehicles in Q3, down 2% year over year but exceeding market expectations.
- Wall Street estimates for Tesla include a 17.9% gross margin and a 2.5% operating margin.
- SpaceX's Connectivity segment previously reported Q2 revenue of $4.3 billion and 12 million Starlink subscribers.
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How we writeDisclaimerQuestions and answers
When do Tesla and SpaceX report Q3 earnings?
SpaceX reports quarterly earnings on Tuesday, October 20, while Tesla, Inc. reports on Wednesday, October 21.
How many vehicles did Tesla deliver in Q3?
Tesla delivered 486,500 vehicles in the third quarter. While this represents a 2% decline compared to the previous year, the figure exceeded expectations.
What are the key metrics for SpaceX's Starlink business?
In Q2, SpaceX's Connectivity segment generated $4.3 billion in revenue and $1.7 billion in operating income, with Starlink subscribers reaching 12 million and average revenue per user holding at $66.