Tesla Earnings Preview: 10 Factors to Watch
By The Motley Fool
Wednesday, January 24, 2024 at 10:15 PM
Tesla (NASDAQ:TSLA), the world's most valuable automaker, is set to report its fourth-quarter 2023 financial results on Tuesday, January 30, after the market closes. Here are 10 key factors for investors to consider:
- Revenue growth: Tesla's revenue has been growing rapidly in recent years, driven by strong demand for its electric vehicles. Analysts expect the company to report another quarter of strong revenue growth, with estimates ranging from $24 billion to $26 billion.
- Vehicle deliveries: Tesla delivered a record number of vehicles in 2023, and analysts expect the company to continue to ramp up production in 2024. Investors will be looking for updates on Tesla's production capacity and delivery targets.
- Profitability: Tesla's profitability has been improving in recent quarters, as the company has benefited from economies of scale and cost reductions. Analysts expect Tesla to report another quarter of strong profitability, with estimates ranging from $1.80 to $2.10 in earnings per share.
- Cybertruck: Tesla has been working on its Cybertruck electric pickup truck for several years, and it is finally expected to enter production in 2024. Investors will be looking for updates on the Cybertruck's production timeline and demand.
- Semi: Tesla's Semi electric truck is another highly anticipated product. The Semi is expected to enter production in 2024, and investors will be looking for updates on the Semi's production timeline and demand.
- Energy storage: Tesla's energy storage business is growing rapidly, and it is expected to be a key driver of growth in the coming years. Investors will be looking for updates on Tesla's energy storage business, including its Powerwall and Powerpack products.
- Solar: Tesla's solar business is also growing rapidly, and it is expected to be a key driver of growth in the coming years. Investors will be looking for updates on Tesla's solar business, including its solar panels and solar roofs.
- Autopilot: Tesla's Autopilot driver-assistance system is one of the most advanced in the world. Investors will be looking for updates on Tesla's Autopilot development, including its plans for full self-driving.
- Other initiatives: Tesla is also working on a number of other initiatives, including its robotaxi service and its Optimus humanoid robot. Investors will be looking for updates on these initiatives, including their development timelines and potential impact.
- Outlook: Tesla will provide its outlook for 2024 when it reports its fourth-quarter 2023 financial results. Investors will be looking for guidance on Tesla's revenue, profitability, and vehicle delivery targets.
Tesla's fourth-quarter 2023 financial results are expected to be a major event for investors. The company is facing a number of challenges, including rising competition and supply chain disruptions. However, Tesla is also well-positioned to continue to grow its business in the coming years. Investors will be looking for updates on Tesla's progress on a number of key fronts when it reports its financial results on Tuesday.
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