Summary
- Tesla to announce Q4 and FY 2024 financial results on January 29, 2025
- Performance of TSLA stock after earnings call dependent on updates from CEO Elon Musk
- Q4 2024 deliveries include 495,570 vehicles and 11.0 GWh energy deployments
- Analysts expect $0.75 EPS, $2.7 billion operating profit, and $27.2 billion in sales for Q4 2024
- Elon Musk forecasts 20-30% growth in automotive sales in 2025, plans for AI-trained self-driving robotaxi service by late 2025
Article
Tesla is set to announce its fourth-quarter and full-year 2024 financial results, with CEO Elon Musk’s updates on sales growth, AI projects, and new vehicle programs likely to impact the stock performance. In Q4 2024, Tesla delivered 495,570 vehicles and a total of 1,789,226 vehicles for the full year. Energy deployments also reached an impressive 11.0 GWh in Q4.
Analysts expect Tesla to post an earnings per share of $0.75 for Q4 2024, an improvement from the previous year. The company is projected to post an operating profit of $2.7 billion, with sales expected to reach $27.2 billion in the fourth quarter. Sales and earnings growth are attributed to increased vehicle and energy product sales.
Elon Musk forecasted a 20% to 30% growth in automotive sales for 2025 during the Q3 2024 earnings call. The new Model Y and lower-priced vehicles expected to be launched in 2025 are expected to boost sales. Tesla also plans to launch an AI-trained self-driving robotaxi service by late 2025, with Musk claiming that the autonomous software will outperform human drivers in the first half of 2025.
Investors will be closely watching Musk’s updates on sales growth, AI projects, and new vehicle programs during the earnings call. Tesla’s performance following the announcement of its Q4 and FY 2024 financial results will likely be influenced by these updates. The company’s strong delivery numbers in Q4 and for the full year, as well as its energy deployments, indicate positive growth for Tesla’s business.
For news tips or inquiries, readers can reach out to TeslaRati via email. The anticipation for Tesla’s Q4 and FY 2024 earnings call is high, with analysts expecting positive results due to increased sales and earnings. Investors are eager to hear about Tesla’s future plans, including the launch of new vehicles and the development of AI projects.
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