Tesla Earnings Preview: Growth Targets, Model Y Update, and Musk's Influence
Key Concerns and Expectations
Tesla (TSLA) prepares to release its Q4 and FY earnings, amidst ongoing investor concerns. While CEO Elon Musk aims for 30% sales growth in 2023, analysts predict a more modest 16% increase. Last year, Tesla missed its vehicle sales target.
Model Y Refresh
Tesla has unveiled an updated Model Y to boost sales. As the best-selling car in 2023, investors anticipate a positive impact.
Low-Cost Model
Analysts emphasize the need for a more affordable Tesla model to drive core business growth. Unconfirmed reports suggest Tesla is developing a sub-$30,000 "Model Q" to increase sales by 20-30%.
Musk's Leadership and Commitment
Investors remain concerned about Musk's multiple ventures, including SpaceX, X, and Neuralink. His potential appointment as a special government employee raises questions about his availability for Tesla. Shareholders have expressed interest in a strong COO to support Musk.
Political Landscape
Musk's relationship with Trump and the administration's anti-EV policies have raised concerns. While Tesla benefits from tax credit removal, analysts remain cautious.
Robotics and Automation
Investors await updates on Tesla's Optimus humanoid robots, set for limited production in 2025. The delayed Roadster and Tesla Semi plans are also topics of interest.
Stock Performance
Tesla's stock has surged 104% in the past year, buoyed by Musk's relationship with Trump. Shares currently trade at $389.