Tesla Q4 Earnings Preview: EV Slump Casts Shadow Over Results
Tesla faces a pivotal earnings report Wednesday as declining deliveries and shrinking margins test investor patience. Analysts project 43 cents EPS on $24.6 billion revenue—a stark drop from last year's 73 cents EPS and $25.7 billion. The EV Maker shipped just 418,227 vehicles in Q4, a 15% year-over-year decline exacerbated by the expiration of federal tax credits.
Operating margins appear set to fall below 5% as regulatory credit sales dwindle. Market attention now shifts to growth catalysts beyond automotive—robotaxi expansion plans following Austin's driverless tests, FSD subscription adoption rates, and Optimus robot development milestones could dictate Tesla's valuation multiple in coming quarters.