Tesla (TSLA) will report third quarter earnings this Wednesday, October 23. The EV maker is the first member of the Magnificent Seven group of tech stocks to report quarterly results this earnings season. AutoGuide editorial director Greg Migliore likens investor expectations to “a tale of two Teslas… there’s what Tesla is doing right now, which is its current automotive business, and then what it’s going to do in the next year, next two years.” Migliore sits down with Seana Smith and Madison Mills to talk about what investors will be paying attention to in this earnings print after Tesla’s “underwhelming” Cybercab reveal at its Robotaxi Day event earlier this month. He discerns between what investors want from Tesla and CEO Elon Musk’s own vision for his company as he pivots the auto company more toward AI and automation. “I think investors and shoppers, for that matter, are getting confused, and maybe annoyed, that this affordable vehicle is not quite on track like it appears to be. I think people want more specifics as to what it will be,” Migliore says about the vague timeline for Tesla’s affordable $30,000 electric vehicle. “We’ve heard sort of conflicting things that it could be on an all new platform. It could also be like a version of some of its existing vehicles. So I think people want details on that and I think there’s a source of frustration around it.” Migliore also weighs in on whether Musk’s campaigning alongside former President Donald Trump could pose a risk for Tesla and its stock.
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