TSLA missed Wall Street EPS estimate after one-time gain, Gordon Johnson notes

TSLA missed Wall Street EPS estimate after one-time gain, Gordon Johnson notes
TSLA Q3 EBIT driven by one-off refund

Tesla recognized a net $447 million in third-quarter gross profit from one-time tariff refunds, which accounted for over 61% of its Q3 EBIT. Excluding this boost, the company’s core business generated an EBIT margin of just 1.0%, and its pro-forma non-GAAP earnings per share of 38 cents missed Wall Street’s 44-cent estimate.

Gordon Johnson questioned in his post why these results and their implications have not received more scrutiny from media outlets.

Earlier, Gordon Johnson highlighted Elon Musk’s reduction of Tesla’s 2030 annual car target from 20 million to 5 million units in a previous report. He also noted Tesla’s Q3 deliveries increased 1.4 percent, with an estimated 9.2 percent decline in the U.S. and a 17.8 percent rise in China, as detailed in another article. These updates follow ongoing scrutiny of the company’s guidance and results.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.