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Wednesday, January 24, 2024

Dwell updates: Tesla to report 4th-quarter earnings


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Tesla delivered a document 1.8 million vehicles in 2023. Buyers are maintaining a tally of the corporate's forecast for its 2024 deliveries.

  • Tesla reviews fourth-quarter earnings on Wednesday.
  • The Elon Musk-headed firm delivered a document 1.8 million vehicles in 2023.
  • Buyers might be looking forward to steering on supply numbers for 2024.

Tesla will report fourth-quarter earnings on Wednesday after the closing bell.

Buyers might be centered on the electrical automaker's vehicle-delivery forecast for full-year 2024, after document deliveries of 1.8 million vehicles in 2023. They may also be searching for particulars about client demand following value cuts final yr, in addition to details about manufacturing for the long-awaited Cybertruck.

Tesla's inventory was down 16% year-to-date by Tuesday's shut, trailing the benchmark S&P 500's 2% acquire.

Tesla's consensus fourth-quarter adjusted EPS estimate is $0.74.

4th quarter

  • Adjusted EPS estimate: $0.74
  • EPS estimate: $0.62
  • Automotive gross margin estimate: 18.5%
  • Automotive gross margin ex-credits estimate: 17%
  • Income estimate: $25.87 billion
  • Free money circulation estimate: $1.45 billion
  • Gross margin estimate: 18.1%
  • Capital expenditure estimate: $2.32 billion
  • Money and money equivalents estimate: $22.31 billion

1st quarter

  • Automotive gross margin estimate 18.9%

Full-year 2024

  • Manufacturing estimate: 2.14 million
  • Deliveries estimate: 2.19 million
  • Automotive gross margin estimate: 19.2%
  • Capital expenditure estimate: $9.01 billion

Supply: Bloomberg

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