After gains of over 60% in the previous year, Tesla (NASDAQ: TSLA) has had a rocky start to 2024. The focus has shifted to the long-awaited Q4 earnings report that should be released on January 24.
On January 2, Tesla surpassed Wall Street’s fourth-quarter delivery predictions, setting a record with 484,507 vehicles sold and meeting its full-year target of 1.81 million in 2023.
We explore what the upcoming 12 months could hold for TSLA, analyzing the possibilities for additional advancements and whether this stock is a buy, sell, or hold in 2024.
Analysts might be bearish on TSLA stock
Despite record deliveries, analysts remain reserved, with attention shifting to year-end earnings and potential profit challenges in 2024. Notably, TSLA’s price targets and ratings were maintained by various firms.
In Q4, Wall Street anticipates a 39% decline in EPS to 73 cents and a 5% revenue increase to $25.61 billion. Analysts project a…
