The analyst estimates the maker of electric cars will report 5 cents of adjusted earnings per share and $7.3 billion in sales, which is materially higher than the consensus.
The firm said in a research note that Tesla's Model 3 sedan is a "proven hit" and serious competition from other automakers for the plug-in vehicle market has not materialized, marking a sharp reversal from its previous stance.
"While the media has been focused on Elon Musk's eccentric, outlandish and at times offensive behavior, it has failed to notice the legitimate disruption of the auto industry that is now being dominated by Tesla", Citron said.
Tesla will release third-quarter earnings after the market close on Wednesday, a week earlier than it has typically reported.
One of Tesla's most vocal critics has unexpectedly praised the company's progress, sending its shares sharply up. Mr Musk said on Twitter.
Transgender policy to 'protect the country': Trump on narrowing definition of gender
Jessica Henderson Daniel, the president of the American Psychological Association, said that she is "appalled" by the report . Both also suggested that, after all is said and done, the recommended change is likely to go into effect.
Sen. Cruz Says He Will Serve Full Term if Re-Elected in Texas
President Donald Trump speaks during a campaign rally, Monday, Oct. 22, 2018, in Houston . But Trump told ABC News in a press conference Monday that he has new nicknames for Cruz.
Czech Ex-Intel Chief Slams West for Double Standards After Khashoggi's Death
But even if the Saudis keep Trump on their side, they could face a reckoning from the U.S. Congress, where Republicans and Democrats alike have expressed outrage over the killing.
A number of people, ranging from Tesla investors to fellow billionaire Richard Branson have publicly urged Musk to stop tweeting, believing that his sometimes erratic behaviour on the platform could have a significantly negative investment impact on them.
The U.S. Securities and Exchange Commission called those tweets "false and misleading" and accused Musk of fraud last month, seeking to remove him from his role in charge of the company.
Musk recently tweeted about taking $TSLA private at $420 with private funding secured, of which the tweet was a joke.
The comments came after Mr Musk reached a settlement with the SEC that required him to pay a US$20 million fine and step down as chairman, but let him stay on as chief executive of the envelope-pushing carmaker.
Musk agreed to settle the case two days later in a resolution hailed by the agency.