Tesla Q1 2024 Earnings Preview: Here’s What to Expect
Tesla (TSLA) is about to release Q1 2024 financial results on Tuesday, April 23, after the markets close. As usual,...
Electrek 5:37 pm on April 23, 2024
The text discusses expectations for Tesla's Q1 2024 earnings release, focusing on vehicle deliveries, revenue predictions, and other potential topics of discussion during the shareholder letter and conference call. Tesla reported lower-than-expected Q1 deliveries of 38,810 vehicles, leading to a consensus revenue prediction of $22.22 billion and estimated earnings per share of $0.49. Other anticipated topics include updates on new vehicle platforms, production timelines for the Cybertruck and Giga Texas facilities, and potential justifications from Elon Musk regarding recent staff reductions and project shifts.
- Tesla's Q1 2024 deliveries were lower than expected with 38,810 vehicles produced and 36,783 delivered.
- Revenue expectations for the quarter are $22.22 billion according to Wall Street analysts.
- Anticipated topics in the earnings call include updates on new vehicle platforms and production timelines for Giga Texas and Cybertruck orders.
- Elon Musk may attempt to justify recent project shifts and staff reductions during the conference call.
- Shareholder questions regarding next-gen platform vehicles, ownership structure, and Cybertruck order status are expected to be addressed.
https://electrek.co/2024/04/23/tesla-q1-2024-earnings-preview-what-to-expect/