Tesla (TSLA) will release its Q4 2023 and full-year 2023 financial results on Wednesday, January 24, after the markets close. A conference call and Q&A with Tesla’s management are scheduled after the results.
In this article, we investigate what both the street and retail investors are expecting for the quarterly results.
Tesla Q4 2023 deliveries
Although Tesla’s CEO Elon Musk claims it’s an “AI/robotics” company, its automotive deliveries remain its primary driver for financial performance.
Tesla has already revealed its Q4 vehicle delivery and production numbers:
| Production | Deliveries | Subject to operating lease accounting | |
| Model 3/Y | 476,777 | 461,538 | 2% |
| Other Models | 18,212 | 22,969 | 3% |
| Total | 494,989 | 484,507 | 2% |
These are Tesla’s full-year 2023 production and delivery figures:
| Production | Deliveries | |
| Model 3/Y | 1,775,159 | 1,739,707 |
| Other Models | 70,826 | 68,874 |
| Total | 1,845,985 | 1,808,581 |
Tesla had forecasted 1.8 million deliveries for the whole year with delivery and production numbers always subject to adjustments during earning results.
Tesla Q4 2023 revenue
Analysts can generally predict what to expect in terms of revenue, thanks to the delivery figures. However, Tesla’s average vehicle price is fluctuating due to frequent price cuts and discounts across numerous markets, making revenue estimation more challenging.
The Wall Street consensus for this quarter is $25.640 billion, and Estimize, the financial estimate crowdsourcing website, predicts slightly lower revenue of $25.598 billion.
The crowdsourcing estimate is usually not lower than Wall Street consensus. If Tesla can reach a revenue of $25 billion, it would set a new quarterly record for the company.
Tesla Q4 2023 earnings
Tesla consistently aims to be marginally profitable each quarter, despite investing most of its money into growth. However, estimating earnings has been difficult this year due to price cuts affecting Tesla’s industry-leading gross margins.
For Q4 2023, the Wall Street consensus is a gain of $0.73 per share, while Estimize’s prediction is slightly higher with a profit of $0.74 per share. This would signify a significant decrease year-over-year amid price cuts.
Other expectations for the TSLA shareholder’s letter and analyst call
Aside from the financial results, Tesla always provides broader updates and answers shareholder questions in its shareholder letter and conference call with management following the release of the results. Tesla gathers questions from shareholders from the “Say Technologies” website.
The most upvoted questions involve receiving information about the next generation Tesla vehicles and concerns over Elon Musk’s statement regarding expanding AI and robotics. These questions will likely provoke interesting responses from Musk and Tesla’s management.
Finally, Tesla is expected to share guidance for 2024, marking it as a noteworthy event for investors and analysts.
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