Tesla’s third-quarter results this week are proving to be more than just another report card on Elon Musk’s kingdom; they’re an acid test for the entire electric vehicle (EV) ETF universe.
Analysts predict Tesla Inc (NASDAQ:TSLA) will earn 56 cents a share on $26.7 billion in revenue, a slight improvement from a year earlier but still hampered by margin compression and a series of recalls. The buzz around robotaxis and humanoid robots has not helped, as Tesla has beaten revenue forecasts in four consecutive quarters —a trend that has begun to spook even the most ardent aficionados.
