As Tesla Prepares To Release Key Q4 Earnings Report, Fund Manager Details What It Would Take To Charge Up Sagging Stock
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (TSLA) is anticipated to report a decline in Q4 profit with modest revenue growth. Analysts expect $25.58 billion in revenue and 74 cents in adjusted EPS, compared to last year's $24.32 billion and $1.19 EPS. Fund Manager Gary Black predicts a core auto gross margin of 16.1% and 73 cents adjusted EPS for Q4. Key factors include Q4 auto gross margins excluding regulatory credits and 2024 delivery guidance. Tesla faces demand challenges amid global economic uncertainty, with recent price cuts in China and Europe potentially affecting margins. TSLA stock has declined, trading at $212 in premarket, down from its peak of $414.50 in November 2021.
January 24, 2024 | 9:54 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Tesla is expected to report lower Q4 profit despite revenue growth. Analysts and Fund Manager Gary Black focus on auto gross margins and delivery guidance. Economic uncertainty and price cuts may pressure margins and profitability, affecting stock performance.
The anticipated decline in profit and concerns over auto gross margins and delivery guidance are likely to negatively impact investor sentiment in the short term. The stock has already shown a decline from its peak, and the current economic environment and price cuts could further pressure the stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100