Tesla Q4 2023 Adj EPS $0.71 Misses $0.74 Estimate, Sales $25.17B Miss $25.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tesla reported Q4 2023 earnings with an adjusted EPS of $0.71, missing the consensus estimate of $0.74 by 4.05%. Quarterly sales were $25.17B, falling short of the $25.62B estimate by 1.75%, but marking a 3.49% increase from the same period last year.
January 24, 2024 | 9:04 pm
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NEGATIVE IMPACT
Tesla's Q4 2023 earnings and sales missed analyst estimates, which could lead to negative investor sentiment and a potential short-term decline in stock price.
Missing both earnings and sales estimates typically results in negative investor sentiment, which can lead to a short-term decline in stock price. Although the sales have increased compared to the same period last year, the miss on expectations is likely to weigh more heavily on short-term investor decisions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100