Baird’s positive outlook stems from a more stable pricing environment during the quarter, higher revenue from full self-driving, and a significant beat in the Energy Segment as factors supporting a strong quarter.
They expect the event to offer greater clarity on the financial impacts of the Robotaxi product and provide a framework for modeling its potential. Analysts believe that Tesla will initially deploy its own Robotaxi fleet in select cities to begin the rollout. Moreover, analysts see the unveiling of Tesla's next-generation platform as a more immediate catalyst for the company’s shares.
The timing of the unveiling aligns with the planned production start in early 2025. Baird models 25,000 next-generation units in 2025.Specifically, analysts project the former to come in at $0.62 per share, above the consensus projection of $0.61. Gross margin is seen at 18.5%, compared to the consensus estimate of 17.5%.Scan QR code to install app