Is Tesla Stock A Buy Before Its Q3 Earnings?
1. Tesla's Q3 deliveries increased 7% to 462,890 vehicles year-over-year. 2. Earnings are expected to decline to $0.52 per share from $0.72. 3. Revenue is projected to slightly rise to $25.41 billion. 4. Competition in Europe from BMW and BYD is intensifying. 5. Historical trends show 63% chance of positive post-earnings returns.