Tesla (NASDAQ: TSLA) will report its fourth-quarter and full-year 2022 Earnings Call this evening after markets close. Investors shall be keeping an in depth eye on what the corporate reports when it comes to financials and plans moving forward after a rough 12 months on Wall Street that saw Tesla’s stock price decline by over 60 percent.
Wedbush’s Dan Ives said the Earnings Call this evening could possibly be one of the vital pivotal within the history of Tesla and its CEO Elon Musk, claiming the automaker can have to justify plans for production growth after missing growth goals last 12 months.
Moreover, the automaker’s recent price cuts, which can reflect gross margin figures on next quarter’s earnings call, will still must be discussed tonight as investors should expect less profit per vehicle.
Wall Street is expecting a fourth-quarter earnings estimate of $1.15 per share, in accordance with each Wall Street Journal and TipRanks estimates. MarketWatch lists $1.13 per share. Moreover, revenue consensus estimates fall between $24.6 billion and $25.3 billion.
These figures were trimmed barely after Tesla missed delivery expectations with 1.313 million vehicles delivered last 12 months. Nonetheless, the automaker completed a serious feat in delivering 1 million vehicles in a 12 months for the primary time.
Tesla beat EPS estimates in Q3 but missed revenue expectations by roughly half a billion dollars.
Outlook and Expectations
Tesla should provide additional details regarding its $3.6 billion Semi manufacturing plant, which it announced yesterday. The Semi is arguably the largest development in recent history for the automaker as the corporate goals to revolutionize business logistics.
Tesla 4680 battery plant in Giga Nevada to ramp as much as 500 GWh long-term: Elon Musk
More details regarding production output increases at the corporate’s Berlin and Texas Gigafactories may be expected. Tesla is about to start Cybertruck production inside the following six months, with mass production slated for the top of the 12 months. With Tesla missing production growth targets last 12 months as a consequence of stoppages on the Shanghai production facility and other aspects, investors could possibly be enthusiastic about hearing the corporate out regarding its plans for 2023.
Finally, CEO Elon Musk’s plans for balancing each Tesla and Twitter, the social media platform he acquired last 12 months. Investors and analysts have been concerned about Musk’s attention to the automaker. Musk is currently in a trial against shareholders regarding his 2018 “funding secured” Tweet.