The Largest Automaker In The World By Market Cap Reports Earnings Wednesday: Key Items For Investors To Watch

Telsa Inc. TSLA will release its third-quarter (Q3) financial results following the market close on Wednesday, Oct. 19.

Analysts anticipate the Austin, Texas-based carmaker will report earnings per share (EPS) of $1.03 and revenues of $22.2 billion.

Some of the negative news has already been included into the price based on Q3 delivery data, which were released in early October.

Be sure to check out Tesla's ratings page.

Analysts anticipated 358,000 deliveries for the third quarter, while Tesla announced 344,000.

Since the delivery numbers were made public, Tesla stock has decreased by more than 20%.

Last quarter, the company beat EPS by $0.12, which was followed by a 9.78% increase in the share price the next day.

See Also: Musk Confirms Presence At Tesla's Q3 Earnings Call Wednesday - 5 Questions Shareholders Have For Him

Here's a look at Tesla's past performance and the resulting price change:

Due to a global shortage of resources essential in the production of automobiles, automakers like Tesla have struggled to meet consumer demand recently. Demand may now begin to decline as the global economy slows and consumers worry about a potential recession.
See Also: Tesla Shares Have A Supporter in Congress - House Rep. McKinley Also Likes These 2 Dividend Stocks

Also, a backlog of automobiles in Tesla's inventory may indicate that the company produced more vehicles than it was able to sell.

Meanwhile, Tesla CEO Elon Musk is involved in a highly publicized and contentious court dispute with Twitter Inc. TWTR since he first made an approach to buy the business in April.

To help finance the Twitter deal, Musk has borrowed against or sold billions of dollars worth of Tesla stock. This may impact the stock price of the automaker.

In late July and early August, Tesla stock rose, but it has since fallen sharply, more than giving up the late summer rally. The stock has fluctuated in performance over the past year but overall has declined by a respectable margin. As of Oct. 18, shares of Tesla had a one-year trailing total return of -23.58% compared to -17.01% for the S&P 500.

Read Next: Elon's Mom Wants You To Stop Being Mean To Her 'Genius' Son!