Electric vehicle company Tesla Inc is set to report its fourth-quarter financial results. The company is likely to emphasize future new models and technology progress for autonomous vehicles.
Earnings Estimates
Analysts expect Tesla to report:
- Fourth-quarter revenue of $27.13 billion, up from $25.17 billion in last year’s fourth quarter
- Earnings per share of 74 cents, up from 71 cents per share in last year’s fourth quarter
The company has missed analyst revenue estimates in four of the last five quarters and six of the last 10 quarters overall.
Vehicle Production and Delivery Figures
Tesla has announced its fourth-quarter vehicle production and delivery figures:
- Produced 459,445 vehicles
- Delivered 495,570 vehicles in the quarter
- While the deliveries were a record in the fourth quarter, the company’s 1.79 million vehicles delivered in 2024 marked a year-over-year decline from 1.81 million in 2023
Analyst Outlook
Analysts are mixed on the short-term outlook for Tesla. They continue to show questions for the short term with many bullish outlooks on the EV stock for the long term.
Key Items to Watch
- Automotive non-GAAP gross margins
- Vehicle delivery outlook for 2025
- Progress with FSD and AI-related efforts
- Growth in other segments, including Services and Energy
- Progress with Optimus and expectations on ramp timing
Analyst Commentary
- Goldman Sachs analyst Mark Delaney highlighted the Model Y update, automotive market share, and a consumer survey in a new investor note
- Morgan Stanley analysts said the key topic for Tesla’s earnings report and conference call will be if the company is sticking with a delivery growth target of 20% to 30% for 2025
- Bank of America analyst John Murphy downgraded Tesla from Buy to Neutral earlier this month and raised the price target from $400 to $490
Tesla’s Future
Tesla has long-term catalysts, but the rise in the stock price in 2024 could put valuation into question. The company’s robotaxi segment is called the biggest opportunity, with a potential valuation of $420 billion in the U.S. and over $800 billion globally in the future.
Stock Performance
Tesla stock is down 0.3% with a 52-week trading range of $138.80 to $488.54. Tesla stock is up 108% over the last year, with the majority of gains coming after the recent election.