Electric vehicle leader Tesla Inc (NASDAQ:TSLA) is set to report fourth-quarter financial results after market close Wednesday, Jan. 24. The report comes after the company missed estimates in the third quarter and saw fourth-quarter deliveries beat analyst estimates.
Here’s a look at the earnings estimates for the fourth quarter, what analysts are saying and key items for investors to watch.
Tesla Earnings Estimates: Analysts expect Tesla to report fourth-quarter revenue of $25.547 billion, according to estimates from Benzinga Pro.
Estimates call for the company to report 74 cents in earnings per share for the fourth quarter.
Tesla reported $1.19 in earnings per share and revenue of $24.318 billion from the previous fourth quarter.
The most recently reported third quarter saw Tesla miss estimates from analysts for both revenue and earnings per share, which were $23.35 billion and 66 cents respectively.
Tesla beat or matched earnings per share estimates in nine of the past 10 quarters. The company beat revenue estimates from analysts in seven of the past 10 quarters.
The company previously reported fourth-quarter production and delivery figures. Tesla reported deliveries of 484,507 units and production of 494,989 units. This represented year-over-year increases of 19.55% and 12.57%, respectively.
Related Link: Tesla Model Y Is Bestselling Electric Vehicle Of All-Time, Passing A Record Previously Held By The Musk-Led Company
What Tesla Analysts Are Saying: Deepwater Asset Management co-founder and Tesla investor Gene Munster has four main items he’s looking at for Tesla’s fourth-quarter earnings. Munster recently previewed the event and centered in on margins, the Cybertruck, FSD and other updates, and U.S. market share of electric vehicles.
“For Tesla earnings it’s all about the margins. While I expect a slight improvement quarter over quarter, I believe the outlook for margins in 2024 will be for stabilization, not expansion,” Munster said.
Munster calls for Cybertruck deliveries to hit 35,000 units in 2024, which he said is “not enough to matter.” Munster said that of the two million people were on the waitlist for the Cybertruck, the real number will likely be sub-500k in the next six months due to pricing.
“My sense is they will not break out Cybertruck units in 2024, but it should be…
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