Tesla Q3 earnings tonight and SpaceX's 10% pop today drive high relevance.
Context
What happened: Tesla (NASDAQ:TSLA) is expected to report third-quarter results after the bell today at 4:15 PM ET, with shares down 14% year-to-date.
Key numbers: Last quarter revenue rose 25.5% to $28.24B, EPS of $0.33 missed the $0.5367 consensus, operating expenses jumped 47% to $4.35B, and operating margin fell to 1.4%.
Why it matters: Analysts cut the Q3 EPS estimate from $0.5509 90 days ago, and flat quarterly revenue against falling EPS shows how heavily investment spending weighs on profits.