Tesla earnings: News about the Cybertruck and new factories could set the tone for 2022

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“All signs point to another strong quarter for Tesla, which has put together an impressive streak of earnings beats (eight of the past nine quarters),” CFRA analysts Garrett Nelson said. But there have been reports the Cybertruck has been delayed.

Tesla Inc. is slated to report fourth-quarter earnings next Wednesday, with investors expecting a return of Chief Executive Elon Musk to the post-results call and bracing for what could be worrying news for the Cybertruck and supply-chain snags.

There have been reports the Cybertruck, an unconventional-looking electric pickup truck unveiled in 2019, has been delayed. The record quarterly production and sales give Tesla a “significant bottom-line leverage given the high fixed cost nature of auto manufacturing,” he said. Revenue: The analysts polled by FactSet are calling for sales of $17.0 billion for Tesla, which would compare with $10.7 billion in the fourth quarter of 2020. Estimize is expecting $17.4 billion in revenue for the quarter.

Even without that “direct guidance,” Emmanuel Rosner at Deutsche Bank is expecting a “positive update” from Tesla on growth and margins potential for 2022, and “on cadence of new product and technology.”

 

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