Tesla Q1 2024 Adj EPS $0.45 Misses $0.51 Estimate, Sales $21.301B Miss $22.151B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tesla's Q1 2024 earnings report showed an adjusted EPS of $0.45, missing the $0.51 estimate, and sales of $21.301B, below the $22.151B estimate. This represents an 8.69% decrease in sales compared to the same period last year.
April 23, 2024 | 8:05 pm
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NEGATIVE IMPACT
Tesla's Q1 2024 earnings and sales missed analyst estimates, with an 8.69% decrease in sales year-over-year.
Missing both EPS and sales estimates, especially with a significant year-over-year sales decrease, is likely to negatively impact investor sentiment and Tesla's stock price in the short term. The magnitude of the miss and the comparison to last year's performance are critical factors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100