Tesla Q4 Delivery Preview: Will 2024 Stock Gains Hold As Growth Slows?
- by Benzinga.com
- Dec 31, 2024
- 0 Comments
- 0 Likes Flag 0 Of 5
Chris Katje, Benzinga Staff Writer
December 31, 2024 12:31 PM
| 3 min read TSLA
has been a top performing large-cap stock in 2024 with shares up 70% year-to-date, with a large portion of the gains coming after the 2024 presidential election.
The month of January will include fourth-quarter delivery figures and fourth-quarter financial results, putting the stock in the spotlight early in 2025.
Tesla Delivery Estimates: All eyes will be on Tesla later this week with the company expected to report fourth-quarter delivery and production figures on Thursday, Jan. 2.
The company often releases quarterly delivery and production figures on the second day of the following month and with the market open Thursday after the New Year's Day holiday Wednesday, analysts are currently eyeing this day for the official report.
New consensus estimates from analysts provided by Tesla call for the company to report fourth-quarter deliveries of 506,763 units. The estimated total consists of 476,398 Model 3 and Model Y vehicles and 31,755 other vehicles, as reported by Teslarati.
According to Tesla, the estimates are based on input from 26 analysts. The projected fourth-quarter delivery figure of 506,763 units would bring total deliveries for the year to 1,801,709.
Tesla reported a record 1,808,581 deliveries in 2023. The company would need to report deliveries of around 515,000 units in the fourth quarter to beat the 2023 total and show year-over-year growth.
Recent estimates from analysts include Goldman Sachs’ Mark Delaney estimating fourth-quarter deliveries of 510,000. The analyst has a Neutral rating and $250 price target.
UBS analyst Joseph Spak estimates Tesla will report fourth-quarter deliveries of 515,000, as reported by Teslarati. The analyst has a Sell rating and $226 price target.
Please first to comment
Related Post
Stay Connected
Tweets by elonmuskTo get the latest tweets please make sure you are logged in on X on this browser.
Sponsored
Popular Post
Middle-Aged Dentist Bought a Tesla Cybertruck, Now He Gets All the Attention He Wanted
32 ViewsNov 23 ,2024
tesla Model 3 Owner Nearly Stung With $1,700 Bill For Windshield Crack After Delivery
32 ViewsDec 28 ,2024