TSLA reported record revenue for Q3 but EPS that missed Wall Street estimates. The earnings call will begin at 5:30 p.m. ET.

Tesla's profit actually fell 37% compared to the same period last year, despite buyers rushing to take advantage of the expiring EV tax credit.

Tesla reported third-quarter earnings Wednesday that fell short of economists’ expectations, the first of the world’s largest firms to post third-quarter earnings, following a historic rise in quarterly deliveries in the lead-up to electric vehicle tax credits expiring.

Tesla said Wednesday that its profit sank in the third quarter after it cut car prices to lift sales. Profit fell to $1.4 billion from $2.2 billion a year earlier, a drop of 37 percent, the company said. Sales rose to $28.1 billion from $25.2 billion.

Tesla reported third-quarter earnings after the close of trading on Wednesday. Investors will be focused on the company's demand outlook and its futuristic plans.

Tesla CEO Elon Musk predicted the company would be able to remove the safety monitors from its robotaxis “by the end of the year.” He also said Tesla would launch a robotaxi service in 8-10 new markets also before the end of 2025.

Nearly 13,000 Tesla vehicles are being pulled back after a defect was discovered that could cause them to lose power unexpectedly, raising crash risks.

When investors and analysts talk about the future of Tesla, they'll often point to self-driving cars, which are poised to represent as much as 90% of the company's enterprise value by 2029, according to Ark Investment Research,