Tesla Q1 Earnings: Why Analysts Are Their Lowering Expectations

) is scheduled to report its first-quarter 2024 earnings after the market closes on April 23, with analysts anticipating a significant drop in earnings per share compared to the same period last year.

The consensus EPS forecast for Q1 2024 stands at $0.39, a sharp decline from the $0.73 reported in Q1 2023. Expected sales are around $22.95 billion, which, if accurate, would mark a 2% decrease year-over-year.As a result, analysts have lowered their delivery expectations for 2024, with projections ranging from 1.77 million to 1.84 million, compared to the 1.81 million vehicles delivered in 2023.

Tesla’s stock has declined by more than 30% in 2024 amid negative earnings revisions and concerns over delivery numbers. The company’s strategic focus appears to be shifting towards developing its self-driving robotaxi platform, rather than lower-cost consumer models like the highly anticipated Model 2. This shift in priorities has raised questions among investors about the company’s future growth prospects.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

3 Stocks Set Up for a Great Second Quarter of 2024Stocks Analysis by The Tokenist (Timothy Fries) covering: Marvell Technology Inc, Occidental Petroleum Corporation, Pfizer Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Is Samsung Poised for Significant Growth as the AI Chip Market Surges?Stocks Analysis by The Tokenist (Timothy Fries) covering: Intel Corporation, NVIDIA Corporation, Samsung Electronics Co Ltd. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Cocoa Futures: The Impact of Supply Woes on the Broader MarketCommodities Analysis by The Tokenist (Timothy Fries) covering: US Cocoa Futures. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Meme Stocks Are Back and These 3 Are Making the Most NoiseStocks Analysis by The Tokenist (Timothy Fries) covering: S&P 500, US Small Cap 2000, Interactive Brokers Group Inc, IAMGold Corporation. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »