Global Automotive Stocks/EV Focus/Event Driven, SC Capital

SC Capital

SC Capital has over 20 years' experience covering the global automotive industry both on the Sell Side (UBS & Morgan Stanley) and Buy Side (Och-Ziff), along with a wealth of industry contacts. 

Current focus is on electric vehicle stocks & their supply chains. Aim is to identify the winners and losers from a long/short perspective. This includes close coverage of legacy automakers as well.  

From time to time. we cover opportunistic events with stocks in the manufacturing sector, food & beverage, healthcare and tech, where we also have coverage experience.

Global Automotive Stocks/EV Focus/Event Driven

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Over 22 years covering Japanese equities on both the sell side and the buy side. 

Bottom-up Japan Equities Research

Equity Bottom-Up

<ul>
<li>Tesla's Q3 revenues missed by 2%, while GAAP EPS was in-line with consensus and adjusted EPS only beat by 5.4%. Tesla hasn't seen numbers this weak since Q4 2020.</li>
<li>The closely watched Autmotive gross margin (ex-ZEV credits) were much worse than expected at 26.8% versus consensus estimates of 27.5%. </li>
<li>On the earnings call, Musk said he would be buying Twitter. This will only add to the selling pressure from Tesla's weak Q3 results throughout next week. </li>
</ul>


Tesla's Q3 revenues missed by 2%, while GAAP EPS was in-line with consensus and adjusted EPS only beat by 5.4%. Tesla hasn't seen numbers this weak since Q4 2020.
The closely watched Autmotive gross margin (ex-ZEV credits) were much worse than expected at 26.8% versus consensus estimates of 27.5%. 
On the earnings call, Musk said he would be buying Twitter. This will only add to the selling pressure from Tesla's weak Q3 results throughout next week. 


Tesla's Q3 Results Disappoint for the First Time Since Q4 2020