Tesla (TSLA) launched its monetary outcomes and shareholders letter for the fourth quarter (This fall) and full-year 2024 after market shut right now.
We’re updating this publish with all the main points from the monetary outcomes, shareholders’ letter, and the convention name later tonight. Refresh for the newest info.
Tesla This fall 2024 earnings expectations
As we reported in our Tesla Q3 2024 earnings preview yesterday, the Wall Avenue consensus for this quarter was $27.224 billion in income and earnings of $0.77 per share.
Now, did Tesla meet, beat, or miss the expectations?
Tesla This fall 2024 monetary outcomes
Simply after the market shut right now, Tesla launched its monetary outcomes and confirmed that it did miss expectations with earnings of $0.73 per share (non-GAAP) and it missed income expectations with $25,707 billion over the last quarter.
That’s considerably beneath expectations and triggered a 5% drop in Tesla’s share value after the outcomes had been launched. The inventory has since recovered.
Tesla’s gross income had been down 6% year-over-year in This fall. That’s regardless of promoting extra regulatory credit.
For the full-year 2024, Tesla’s earnings per share is down 22% regardless of many seeing Tesla as a “progress inventory”:
The silver lining is that whereas progress has gone away, Tesla stays worthwhile and has grown its money stack to $36.6 billion.
We can be posting our follow-up posts right here in regards to the earnings and convention name to develop on crucial factors (refresh the web page to see the latest posts):
Right here’s Tesla’s This fall 2024 shareholder presentation in full:
Right here’s Tesla’s convention name for the This fall 2024 outcomes:
