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Tesla Will Probably Beat Earnings Estimates. Why the Stock Might Not Move.

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Tesla will easily beat earnings expectations this coming week. But that beat might not be enough to drive the stock higher.

Tesla (ticker: TSLA) will report on Wednesday. For the third quarter, Wall Street expects $1.54 in per-share earnings from $13.7 billion in sales. In the second quarter, Tesla earned $1.45 a share from $12 billion in sales. Wall Street expects the company to make about a dime more on an incremental $1.7 billion in sales.

Investors,…


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