Tesla (TSLA) is about to release Q3 2022 financial results on Wednesday, October 19, after the markets close. As usual, a conference call and Q&A with Tesla’s management are scheduled after the results.
Here we’ll take a look at what both the street and retail investors are expecting for the quarterly results.
Tesla Q3 2022 deliveries
As usual, Tesla already disclosed its Q3 vehicle delivery and production numbers, which drives the vast majority of the company’s revenue.
This is a delivery record for Tesla, but the automaker actually came in under expectations because it had over 20,000 vehicles in transit at the end of the quarter.
Delivery and production numbers are always slightly adjusted during earning results.
Tesla Q3 2022 revenue
For revenue, analysts generally have a pretty good idea of what to expect, thanks to the delivery numbers.
The Wall Street consensus for this quarter is $22.005 billion, and Estimize, the financial estimate crowdsourcing website, predicts a higher revenue of $22.370 billion.
This would be a record quarter for revenue, thanks to the record deliveries.
Here are the predictions for Tesla’s revenue over the past two years, where Estimize predictions are in blue, Wall Street consensus is in gray, and actual results are in green:
Tesla Q3 2022 Earnings
Tesla always attempts to be marginally profitable every quarter as it invests most of its money into growth, and it has been successful in doing so over the last two years now.
For Q3 2022, the Wall Street consensus is a gain of $1.00 per share, while Estimize’s prediction is higher with a profit of $1.11 per share.
It’s going to be harder to determine earnings this quarter due to the over 20,000 vehicles in transit at the end of the quarter, which is going to negatively affect Tesla’s results. Analysts are still expecting positive earnings, but Tesla is going to be lower than it would have with fewer vehicles in inventory.
Here are the earnings per share over the last two years, where Estimize predictions are in blue, Wall Street consensus is in gray, and actual results are in green:
Other expectations for the TSLA shareholder’s letter and analyst call
In the shareholder’s letter and the following conference call, Tesla generally shares additional details about not only financial results but also other important metrics on how the company is doing.
CEO Elon Musk is not always on the call, but this time, he confirmed that he will be on it.
Every company is reporting earnings these days with economic uncertainty in the background.
Musk is expected to address that, in addition to how he plans for Tesla to get through a potentially rougher time at the macroeconomic level.
Furthermore, Tesla investors are likely going to want Musk to explain his plan around Twitter since he has now finally agreed to buy it. Managing the social media platform could potentially take a lot of his time away from Tesla.
On the operational front, Tesla shareholders are also going to be looking for an update on the production ramps at Gigafactory Texas and Gigafactory Berlin.
An update on Tesla Semi could also come with the earnings results since Musk has announced that production started and deliveries are expected to start in December.
A team of white hat European hackers using their brains, keyboards, and a couple of bits and baubles from eBay managed to take control of a 2020 Nissan LEAF and violate just about every privacy and safety regulation in the process.
The best part: they recorded the whole thing.
Budapest-based cybersecurity experts PCAutomotive were able to exploit a number of vulnerabilities in a 2020 Nissan LEAF that enabled the white hat team to geolocate and track the car, record the texts and conversations happening inside the car, playing media back through the car’s speakers, and even (this is the genuinely terrifying dangerous part) turning the steering wheel while the car was moving. (!?)
Maybe the scariest part of this hack, however, is how seemingly easy it was to pull off by starting with a “test bench simulator” built using parts from eBay and exploiting a vulnerability in the LEAF’s DNS C2 channel and Bluetooth protocol.
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The PCAutomotive team gave a hugely detailed 118-page presentation of their exploit at black hat Asia 2025, which we’ve included at the bottom of this post, in case the original link goes dead. If you’re into that sort of thing, the fun stuff starts around page 27. And, if you’re not, just know that all the vulnerabilities were disclosed to Nissan and its suppliers between 02AUG2023 and 12SEP2024 (p. 116/118), and the “attack” itself can be seen in the video below that. Enjoy!
Summary of vulnerabilities
CVE-2025-32056 – Anti-Theft bypass
CVE-2025-32057 – app_redbend: MiTM attack
CVE-2025-32058 – v850: Stack Overflow in CBR processing
CVE-2025-32059 – Stack buffer overflow leading to RCE [0]
CVE-2025-32060 – Absence of a kernel module signature verification
CVE-2025-32061 – Stack buffer overflow leading to RCE [1]
CVE-2025-32062 – Stack buffer overflow leading to RCE [2]
PCA_NISSAN_009 – Improper traffic filtration between CAN buses
CVE-2025-32063 – Persistence for Wi-Fi network
PCA_NISSAN_012 – Persistence through CVE-2017-7932 in HAB of i.MX 6
Unfortunately, this is also one of those posts that some of the more clueless anti-EV hysterics will point to and say, “See!? EVs can get hacked!” But the reality is that virtually any car with electric power steering (EPS), electronic throttle controls, brake-by-wire, etc. can be hacked in a similar way. But, while steering a target’s car into an oncoming semi might be a great way to pull off a covert CIA assassination, the more worrying issue here is the breach of privacy and recording – unless you want to spend some time in El Salvadoran prison, I guess.
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A major new EV battery factory is being built in Sunderland, bringing 1,000 new jobs with it. AESC, Nissan’s battery partner, is behind the £1 billion ($1.33 billion) plant, which will boost the UK’s EV battery production by six times, enough to power 100,000 electric cars annually.
The 12 GWh capacity plant, AESC’s second battery plant in Sunderland, will be powered by 100% net-zero carbon energy. That big jump in capacity helps position Britain as a global player in EV manufacturing while pushing forward the country’s net-zero goals.
The investment is getting a serious financial lift from the British government. Through a combination of support from the National Wealth Fund and UK Export Finance, the project is unlocking £680 million in financing from major banks, including HSBC, Standard Chartered, SMBC Group, Societe Generale, and BBVA, that covers the construction and operation of the battery factory. Another £320 million is coming from private investment and fresh equity from AESC. On top of all that, the government’s Automotive Transformation Fund is pitching in with £150 million in grant funding.
This deal follows closely on the heels of the new UK-US trade agreement announced a day earlier, which cuts car export tariffs from 27.5% down to 10% for up to 100,000 UK-made vehicles – nearly the total number exported last year. That move could save car companies hundreds of millions of pounds and help protect good-paying jobs in manufacturing hubs like Sunderland.
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Chancellor of the Exchequer Rachel Reeves visited AESC in Sunderland, where she met with staff and local leaders to discuss what this means for the Northeast and the British car industry.
“This investment follows hot on the heels of yesterday’s landmark economic deal with the US, which will save thousands of jobs in the industry,” Reeves said.
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It’s about the future of their jobs. Ford workers at two plants in western Germany are set to go on strike on Wednesday, their works council chief said on Monday.
Ford is facing a worker strike in Germany
In November, Ford announced it would cut around 4,000 jobs in Europe by 2027 as part of a restructuring, primarily in Germany and the UK. That’s still about 14% of its European workforce.
The American automaker said the move comes after it has incurred “significant losses” in recent years and a “highly disruptive market” with new EVs quickly gaining market share.
Ford blamed slower-than-expected demand for electric vehicles and a weak economic situation. It also plans to slow production at its Cologne EV plant, where the electric Explorer and Capri are built.
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Last week, IG Metall members voted in favor of “industrial action” with 93.5% of votes in favor of a strike. “Ford must act now—otherwise, we will go through with it,” said Kerstin D. Klein, Chief Representative of IG Metall Cologne-Leverkusen.
Ford Explorer EV production in Cologne (Source: Ford)
Ford is facing an influx of new competition, including Chinese EV makers like BYD. BYD’s overseas sales are surging with a fifth straight month of growth in April.
BYD even outsold Tesla in Germany last month, with 1,566 vehicles registered. In comparison, Tesla had just 855, and Ford saw 9,534 registrations.
Ford’s electric vehicles in Europe from left to right: Puma Gen-E, Explorer, Capri, and Mustang Mach-E (Source: Ford)
On top of this, Ford, like most of the industry, is preparing for more disruption with Trump’s auto tariffs. After releasing Q1 earnings last week, Ford warned that the tariffs could cost up to $2.5 billion this year.
During Ford’s earnings call, CFO Sherry House said that recent EV launches in Europe, including the Explorer, Capri, and Puma Gen-E, helped more than double Model e’s wholesale volume in Q1.
After early success in the US, Ford also launched its “Power Promise” promotion in Europe, offering EV buyers a free home charger and several other perks.