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Tesla, Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases and sells electric vehicles and energy generation and storage systems in the United States, China and abroad.
It is due to announce its Q4 2024 earnings on January 29. Wall Street analysts expect the company to post EPS of $0.68, down from $0.71 in the same period last year. According to Benzinga Pro, quarterly revenue is expected to reach $27.02 billion, up from $25.17 billion a year earlier.
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The company’s stock was trading at approximately $13.48 10 years ago. If you had invested $10,000, you could have bought approximately 742 shares. The stock is currently trading at $394.74, which means that the value of your investment could have grown to $292,834 just from the increase in the stock price. Tesla has never paid dividends.
If you had invested $10,000 in Tesla stock 10 years ago, your total return would have been 2,828.34%. In comparison, the total return of the S&P 500 for the same period is 226.20%.
Tesla has a consensus rating of “Neutral” and a $293.23 price target based on ratings from 34 analysts. The target price implies a potential downside of more than 25% from the current share price.
On October 23, the company announced its Q3 2024 earnings, posting revenues of $25.18 billion, up 8% year-over-year. However, as he reports Benzingathis missed the street consensus estimate of $25.37 billion.
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The company reported auto revenue of $20 billion in the third quarter, up 2% year-over-year. Tesla said revenue was driven by growth in vehicle deliveries, growth in energy production, higher revenue from fully self-driving cars and lower average vehicle sales prices.
Tesla remains on track to launch more affordable models in the first half of 2025. The Tesla Semi plant is also on schedule, with construction beginning by the end of 2025. The company reiterated that it is between “two major growth waves” of the Model 3/Y platform and the next generation vehicles.
