December 7th show episodes are delayed due to issues on a third party platform. Thanks for your patience and check out our other archives in the meantime!
Tesla Model S car in front of showroom

Tesla Q3 Earnings Report: Revenue and EPS Beat, Stock Unfazed After Hours

Oct 21, 2021

By: Thomas Westwater


  • Tesla Q3 earnings beat estimates, stock unchanged after hours
  • Supply chain issues a key focus for this evening’s earnings call
  • CEO Elon Musk may or may not appear on today’s call

Tesla reported a third-quarter earnings report that exceeded analysts’ expectations Wednesday, with earnings per share (EPS) dropping at $1.86 versus an expected $1.59 on an adjusted basis. Revenue also beat at $13.76 billion versus $13.63 billion expected. The strong numbers come amid a constrained supply chain, which includes a chip shortage that is impacting other automakers.

However, Tesla is more vertically integrated than other large automakers. That gives the company better control of its supply chain, which likely allowed Tesla to limit the downside impacts that are plaguing the industry. Earlier, Tesla reported 241,300 electric vehicle deliveries, with a total production volume of 237,823 for the third quarter.

Despite the upbeat earnings report, the stock price was slightly lower in after-hours trading. Investors will be keenly focused on this evening’s earnings call. Elon Musk earlier this year said he would no longer lead the calls, which has investors speculating over his attendance. If Mr. Musk does jump on the call, it could spur some excitement and speak to his direct hands-on involvement.

Investors will be focused on how Tesla is handling supply chain disruptions, regulatory scrutiny, and its future product lineup. The highly-anticipated Cybertruck’s rollout was postponed earlier this year, with a new production start date in the latter half of next year. Its semitrailer rig is also delayed, speaking to the logistical hurdles facing auto companies during the pandemic.

Tesla Technical Outlook

Prices have rallied hard since the May swing low, with the stock now approaching its 2021 high at 900.40. However, the Relative Strength Index (RSI) is currently flashing a warning signal, with the oscillator cooling within overbought territory. Traders may be keen to take profit given the gains seen over the last few months. A drop back to the 9-day Exponential Moving Average (EMA) may occur. A deeper pullback could see a test of the 78.6% Fibonacci re-tracement level at 823.17.



Chart created with TradingView

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Related Posts

tastytrade content is provided solely by tastytrade, Inc. (“tastytrade”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, transaction or investment strategy is suitable for any person. Trading securities can involve high risk and the loss of any funds invested. tastytrade, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors, and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastytrade is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparison, statistics, or other technical data, if applicable, will be supplied upon request. tastytrade is not a licensed financial advisor, registered investment advisor, or a registered broker-dealer. Options, futures and futures options are not suitable for all investors. Prior to trading securities products, please read the Characteristics and Risks of Standardized Options and the Risk Disclosure for Futures and Options found on

tastyworks, Inc. ("tastyworks") is a registered broker-dealer and member of FINRA, NFA and SIPC. tastyworks offers self-directed brokerage accounts to its customers. tastyworks does not give financial or trading advice nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastyworks’ systems, services or products. tastyworks is a wholly owned subsidiary of tastytrade, Inc (“tastytrade”). tastytrade is a trademark/servicemark owned by tastytrade.

Quiet Foundation, Inc. (“Quiet Foundation”) is a wholly-owned subsidiary of tastytrade The information on is intended for U.S. residents only. All investing involves the risk of loss. Past performance is not a guarantee of future results. Quiet Foundation does not make suitability determinations, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of Quiet Foundation’s systems, services or products.

Small Exchange, Inc. is a Designated Contract Market registered with the U.S. Commodity Futures Trading Commission. The information on this site should be considered general information and not in any case as a recommendation or advice concerning investment decisions. The reader itself is responsible for the risks associated with an investment decision based on the information stated in this material in light of his or her specific circumstances. The information on this website is for informational purposes only, and does not contend to address the financial objectives, situation, or specific needs of any individual investor. Trading in derivatives and other financial instruments involves risk, please read the Risk Disclosure Statement for Futures and Options. tastytrade is an investor in Small Exchange, Inc.

© copyright 2013 – 2021 tastytrade. All Rights Reserved. Applicable portions of the Terms of use on apply. Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law, provided that you may download tastytrade’s podcasts as necessary to view for personal use.