TSLA - Correction & Recovery TimeTesla plans to release fourth-quarter results after the bell on Wednesday.
Here’s what analysts are expecting, based on an average of estimates compiled by LSEG:
Earnings per share: 76 cents
Revenue: $27.26 billion
Tesla’s earnings report follows a steep rally in the company’s stock price tied to the election of President Donald Trump. Tesla CEO Elon Musk was the biggest backer of Trump’s campaign efforts and is now leading the president’s new government efficiency advisory board.
The electric vehicle maker’s stock price is up 58% since Trump’s victory in November as investors bet that Musk’s influence would lead to both favorable policies and less oversight of his companies.
In early January, Tesla reported deliveries for the fourth quarter of 495,570. For the full year, deliveries came in at about 1.8 million, marking the company’s first annual decline. Deliveries are the closest approximation of sales reported by Tesla, but are not precisely defined in the company’s shareholder communications.
To end 2024, Tesla offered a range of discounts on inventory vehicles and special discounts for buyers in North America who were referred by another Tesla customer. In China, Tesla cut prices on its popular Model Y SUVs before debuting a refreshed version, the Model Y Juniper.