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Since its last earnings report on October 20, the stock is up 21%. However, the stock is off 16% from its high in early November. One factor in this selloff is weakness in growth stocks due to rising short-term rates. Another is that CEO Elon Musk is unloading some of his shares.
The next major event for the company is its Q4 earnings report in January. On average, analysts are expecting $1.92 in EPS and $15 billion in revenue which would be a 140% and 40% improvement from last year, respectively. Since its last earnings report, Wall Street analysts have hiked their consensus EPS estimates by 11% for Q4.
