Analysts’ Predictions for Tesla’s (TSLA) Q4 and FY 2023 Earnings

Tesla VP of Investor Relations, Martin Viecha, has released a unified consensus for the company’s fourth quarter 2023 results and expectations for key metrics in full year 2024. The consensus includes estimates from 28 analysts covering the electric vehicle maker, such as Baird, Barclays, Bernstein, and others. Analysts anticipate total revenues of $25.7 billion and automotive revenues of $21.7 billion in the fourth quarter of 2023, with a gross profit expected at $4.5 billion and a gross margin estimated at 17.8%. For full year 2024, analysts expect non-GAAP earnings per share of $3.62, total revenues of $115.1 billion, automotive revenues of $95.5 billion, gross profit of $21.5 billion, and a gross margin of 18.6%. The analysts’ unified consensus for Tesla’s full year 2024 vehicle deliveries is 2,161,075 units.

Gary Black also presented a sell-side survey of analyst estimates, highlighting a consensus of $.73 adjusted earnings per share for the fourth quarter and 2,161K deliveries and $3.62 adjusted earnings per share for FY’24. Black pointed out that any comments about auto gross margins excluding regulatory credits for full year 2024 would be important and emphasized the significance of 4Q auto gross margin excluding regulatory credits and the FY’24 deliveries guide. He also noted that comments about FY’24 auto gross margins excluding regulatory credits are crucial.

The information provided by Martin Viecha and Gary Black offers valuable insights into analysts’ expectations for Tesla’s financial performance and delivery figures for the fourth quarter of 2023 and the full year 2024.

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