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3mo ago

Tesla Earnings Preview Highlights AI, Self-Driving, and Affordable EVs

Wall Street anticipates updates on Tesla's AI initiatives, including full self-driving and a rumored lower-cost vehicle, as competition intensifies globally.

Tesla cars charge up at a Supercharger on May 2, 2024, in Petaluma, California.
Elon Musk
A Cybertruck at a Tesla dealership in Manhattan on October 31, 2024.
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Overview

  • Tesla is set to report its Q4 2024 earnings after the market closes today, with analysts projecting $0.67 earnings per share and $27.2 billion in revenue.
  • Investors and analysts are focused on updates regarding Tesla's AI-driven projects, such as full self-driving technology, robotaxis, and the humanoid Optimus robot.
  • Speculation surrounds a rumored sub-$30,000 EV, potentially called 'Model Q,' which could help Tesla compete in the growing affordable EV market dominated by Chinese automakers like BYD.
  • Tesla faces challenges from declining deliveries in 2024, increased competition from Chinese EV makers, and new European tariffs impacting its profit margins.
  • Analysts remain divided on Tesla's valuation and growth prospects, with some highlighting potential from AI developments and others questioning feasibility of autonomy and delivery goals.