Tesla, Inc. TSLA is scheduled to release its fourth-quarter results after the market close on Jan. 24, and the company is widely expected to report lower revenue and earnings relative to the year-ago period.
What Happened: When Tesla releases its quarterly scorecard, three numbers will matter, said Future Fund Managing Partner Gary Black.
- Fourth-quarter adjusted earnings per share: Consensus calls for 73 cents, marking a 39% year-over-year drop
- Auto gross margin, excluding regulatory credit: 17% estimate versus 16.3% in the third quarter
- 2024 deliveries: 2.195 million estimate, marking a 21.1% year-over-year increase
Black said he views the consensus core auto gross margin estimate of 17% to be high and instead sees the number at 16%. Consequently, the fund manager’s adjusted earnings per share estimate for Tesla is at 70 cents.
See Also: Everything You Need To Know About Tesla Stock
Why It’s Important: After cutting prices…
