tl;dr
Tesla (TSLA) reports Q4 revenue and EPS that fell slightly short of expectations, leading to a slight decline in after-hours trading. However, the company saw growth in vehicle deliveries and provided an update on its next-generation platform and Cybertruck production plans. Operating margin and gro...
Tesla (TSLA) reports Q4 revenue and EPS that fell slightly short of expectations, leading to a slight decline in after-hours trading. However, the company saw growth in vehicle deliveries and provided an update on its next-generation platform and Cybertruck production plans. Operating margin and gross margin were both impacted by various factors, and free cash flow exceeded consensus estimates.
Highlights from the report include $7.9B in GAAP net income, 494,989 vehicle production, and 484,507 vehicle deliveries in Q4. Operating margin came in at 7.6% of sales, lower than the previous quarter and the prior year. Tesla warned that vehicle volume growth may slow in 2024 and emphasized its focus on innovations to reduce manufacturing costs and accelerate AI, software, and fleet-based profits. After slipping during the regular session, Tesla's shares tracked 2.05% lower in after-hours trading, with the conference call expected to feature updates on new models, pricing, and self-driving software.
More about Tesla Inc
Key Financial Metrics:
- Sales in plug-in and battery electric car segments: 16% and 23% respectively
- 3 GWh of battery storage supplied in 2020
- Market Cap: $664.84 billion
- Current Stock Price: $67.46
- Revenue: $95.92 billion
- Net Income: $226.97 million
- Net Margin: -0.442%
- Return on Assets: 0.088%
Stock Performance:
- Tesla's stock has shown a bearish trend, with a decline in stock price over the past quarter
- The stock is currently trading below its 50-day and 200-day moving averages
- Relative Strength Index (RSI) indicates the stock is oversold
- The stock has broken below key support levels, indicating potential downward momentum
Market Sentiment:
- Given the recent performance and technical indicators, market sentiment for Tesla Inc. is currently bearish
- There are uncertainties regarding the company's ability to maintain market share in the electric car segment
- Investors should be cautious and consider potential risks associated with the stock's performance
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