Tesla earnings preview: Price cuts in focus as stock hovers around 2-year low

The EV maker is scheduled to report fourth-quarter results Jan. 25 after the bell. A call with analysts and others is set for 5:30 p.m. Eastern.

Tesla TSLA announced price cuts in the U.S. and Europe earlier in January in a bid to gain or retain market share and heat up demand as startup EV makers as well as legacy auto makers have broadened their electric-vehicle offerings. Tesla has said that the Cybertruck, a futuristic-looking all-electric pickup truck, is on track to start production in mid-2023. Investors will be looking for any updates on that timeline.

Revenue: The analysts surveyed by FactSet are calling for sales of $24.96 billion for Tesla, which would compare with $17.72 billion in the fourth quarter of 2022. Estimize is expecting nearly the same at the moment, $24.97 billion in revenue for the quarter. Tesla’s executive team has been relatively stable for the past couple of years, following a spate of departures in 2018 and 2019, including the exit in July 2019 of Chief Technology Officer J.B. Straubel.

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Are Tesla's Price Cuts A Sign Of Impending Doom — Or The Opposite?Tesla’s luxury EVs is flagging, and the company has responded with major global price cuts—as much as 20% in some markets. It's a sign of margin hell. I think the observation you make in the last paragraph makes it clear what the market thinks, regardless of what the media is spewing. Doom.
Source: cleantechnica - 🏆 565. / 51 Read more »