Tesla Earnings Around The Corner: As Stock Struggles, Analyst Highlights 3 Numbers That Matter
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) is anticipated to report lower Q4 revenue and earnings year-over-year. Key figures include a consensus EPS of 73 cents, a 39% drop, an auto gross margin estimate of 17%, and a 2024 delivery estimate of 2.195 million units, a 21.1% increase. Future Fund's Gary Black predicts a 16% auto gross margin and a 70 cents EPS. Tesla's stock has been declining since Q3 results and did not improve after the Cybertruck launch. The stock fell 3.67% to $218.89 recently, with a 12% drop in January, partly due to price cuts in China.
January 14, 2024 | 4:10 pm
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NEGATIVE IMPACT
Tesla is expected to report a decline in Q4 earnings with a focus on EPS, auto gross margin, and delivery estimates. Stock has been falling since Q3 and didn't recover post-Cybertruck launch.
The anticipation of lower earnings and the recent price cuts in China suggest a negative short-term impact on TSLA's stock price. The stock has already been on a downtrend, and the upcoming earnings report, unless it contains positive surprises, is likely to continue this trend.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100