Tesla Q1 Earnings 2024 Preview
Yahoo Finance: The market expects Tesla (TSLA) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. Zacks Consensus Estimate: This electric car maker is expected to post quarterly earnings of $0.46 per share in its upcoming report, which represents a year-over-year change of -45.9%. Revenues are expected to be $22.71 billion, down 2.6% from the year-ago quarter.
Investopedia: Analysts project Tesla's revenue to come in at $22.73 billion for the first quarter of 2024, down from the previous quarter and year-ago period, according to estimates compiled by Visible Alpha. Adjusted net income is expected to be $2 billion, a decline from $2.49 billion last quarter and $2.93 billion in the prior-year quarter, while adjusted earnings per share (EPS) are projected at 55 cents, compared with 71 cents in Q4 and 85 cents in last year's first quarter.
Teslarati: Tesla has gone live with its Q1 2024 earnings page on investor communication platform Say, where verified TSLA shareholders could submit their questions for the electric vehicle maker. Tesla has included Say questions in its earnings calls for years. Following are ten of the most voted TSLA investor questions for Tesla executives in Say as of writing:
My take: Teslarati reported Tesla is creating communication platform SAY hopefully we can get some information from EM about $25k vehicles and Robotaxi. Market sentiment is not in favour of Tesla so expect further downtrend pressure. Geopolitical tension in the Middle East War and China weak economy were not helping. I have reported that EV stocks in general are falling for the whole week. You can read here:
EV stocks sell-off after Middle East War Latest Escalation
EV stocks sell-off after Middle East War Latest Escalation
If you read my previous posts, Ark Investment and some hedge funds continue to buy Tesla stock at dip who believe the stock value to rise in the longer term.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
2384Followers
86Following
10KVisitors
Follow
ZnWCOP : Although voting showed the share price may fall below 140, I am hopeful it may hit higher: 140-160 for opening price.
I am even more hopeful, the stock may hit above 200 when more positive info is released. Until then we have to face the reality that demand for EV is weak. Other EV stocks (BYD, Rivian, Nio, Xpeng, Li Auto etc) are facing downtrend pressure not only Tesla which will need to distinguish itself that it is a Tech/AI/Energy/Robotics company not just a automaker.
I can't blame the analysts downgrading the stock as most are only looking at the next quarter (short term). Only Ark Invest, Wedbush and Morgan Stanley are taking Tesla's value for the longer term on $25k vehicles (M2), FSD V12 (supervised) and Robotaxi.
It is also no secret that most Tesla shareholders are investing not only in Tesla but the Tech empire behind Elon Musk - SpaceX, Neuralink, The Boring Company, X.AI and X.com (previously known as Twitter).
Moo Earnings :Tesla Q1 2024 Earnings Preview: Grab rewards by guessing the opening price!
https://www.moomoo.com/community/feed/112313967902726?share_code=00U5Gu