And on Wednesday afternoon Tesla will fully close the books on 2020, likely marking the automaker's first fiscal year of profitability. Here's what Wall Street is expecting from the fourth-quarter earnings report:Even if Tesla is able to top analyst expectations for the year, investors may not be rewarded with the usual rise in share price.
Ives expects Tesla to shoot for 750,000 deliveries in 2021 as new factories in Germany and Texas begin producing batteries and vehicles. However, other analysts — including those at UBS — say production at those new facilities may be limited depending on their full completion dates. Analysts are also excited about the prospect of newly refreshed models, and a higher mix of Model S and X vehicle sales, which could benefit Tesla's profit margins.
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