Tesla (TSLA)_Auto Manufacturers
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage.
Tesla Earnings
Gross margins jumped, fueled by strong Tesla Energy margins and a record-low cost of goods sold. Regulatory credits were high at $739 million, though below Q2’s $890 million. FSD revenue recognition also may have helped.
Notably, Tesla expects to report higher deliveries for the full year, which will require a big gain in Q4. Tesla has ramped up incentives in the past few days, with 0% financing and higher inventory discounts.
On the Tesla earnings conference call, CEO Elon Musk said he expects vehicle deliveries will rise 20%-30% in 2025. He also pegs Q2 2025 as the internal target for Full Self-Driving unsupervised to be safer than a human driver.
Tesla stock soared 12% in after-hours action, signaling a move back above the 50-day line. Shares added modestly to big gains during the earnings call.
Shares fell 2% to 213.65 on Wednesday, hitting the lowest levels since early September. TSLA stock has tumbled 18% in October, on negative reactions to Q3 deliveries data and the Oct. 10 robotaxi event. Tesla still has a 264.86 buy point from a cup-with-handle buy point, according to MarketSurge.
Celestica (CLS)_Elec-Contract Mfg
Celestica Inc. provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.
Dover Corp (DOV)_Machinery-Gen Industrial
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company’s Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment offers manual and power clamp, rotary and linear mechanical indexer, conveyor, pick and place unit, glove port, and manipulator, as well as end-of-arm robotic gripper, slide, and end effector; winches, hoists, bearings, drives, and electric monitoring system; and radio frequency and microwave filters and switches, and signal intelligence solutions. The company’s Imaging & Identification segment provides precision marking and coding, product traceability equipment, brand protection, and digital textile printing equipment and solution, as well as related consumable, software, and service to packaged and consumer goods, pharmaceutical, manufacturing, fashion and apparel, and other end-market…
Raymond James (RJF)_Finance-Invest Bnk/Bkrs
Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party product partners, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; securities borrowing and lending services; diversification strategies and alternative investment products; and custodial, trade execution, research, and other support and services. The Capital Markets segment provides investment banking services, such as equity and debt underwriting, and merger and acquisition advisory services; and fixed income and equity brokerage services…
WEX Inc. (WEX)_Finance-CrdtCard/PmtPr
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings. The Corporate Payments segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. The Benefits Solutions segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions.
