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Tesla (TSLA) 2023 This autumn earnings

Elon Musk, chief government officer of Tesla Inc and X (previously Twitter) Ceo speaks on the Atreju political conference organized by Fratelli d’Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. 

Antonio Masiello | Getty Photographs

Tesla is ready to report fourth-quarter earnings for 2023 after the bell Wednesday.

This is what analysts expect, based on estimates compiled by LSEG, previously referred to as Refinitiv:

  • Earnings: 74 cents per share
  • Income: $25.6 billion

Whereas different U.S. automakers struggled to make and promote a excessive quantity of totally electrical automobiles final 12 months, Tesla reported 484,507 deliveries within the fourth quarter and greater than 1.8 million for 2023. Hefty worth cuts helped Tesla obtain that quantity, which was a document for the corporate.

Tesla’s income seemingly elevated by round 5% 12 months over 12 months for the quarter, per LSEG.

On the worldwide stage, Chinese language auto large BYD topped Tesla over the last quarter of 2023. However Tesla maintained its lead in gross sales of battery electrical automobiles for the complete 12 months.

Labor prices are rising domestically. In an effort to make its wages aggressive versus automakers like General Motors, Ford and Stellantis, the place staff are represented by the United Auto Staff, Tesla just lately rolled out pay will increase for a lot of of its hourly manufacturing facility staff within the U.S.

Tesla can be going through union pressure in Sweden and throughout Scandinavia, and a wide-ranging array of litigation and ongoing regulatory probes within the U.S. and Europe. CEO Elon Musk is below extra strain than ever to ship on his longstanding promise of a software program replace that may flip current Teslas into self-driving robotaxis with out {hardware} adjustments.

Tesla shareholders submitted questions for executives to reply by way of the platform Say Technologies forward of the earnings name.

They’re asking when Tesla plans to debut its “next-generation” car, a extra reasonably priced EV referred to by followers because the Mannequin 2. Buyers additionally wish to know the variety of orders Tesla has acquired for its just lately launched Cybertruck and when the corporate plans to extend manufacturing of its 4680 battery cells and electrical Semi truck at its Nevada Gigafactory.

Shareholders voiced considerations about Musk’s current demand to manage extra of the corporate. In a Jan. 15 post on X, previously Twitter, Musk wrote: “I’m uncomfortable rising Tesla to be a pacesetter in AI & robotics with out having ~25% voting management. Sufficient to be influential, however not a lot that I am unable to be overturned. Until that’s the case, I would like to construct merchandise exterior of Tesla.”

On the Say platform, buyers requested, “Ought to retail shareholders be involved that Elon has acknowledged he’s uncomfortable increasing AI and robotics at Tesla if he would not have 25% of voting?”

Even investor Ross Gerber, who’s been a Musk fan and Tesla bull for years, bristled on the proposition. Gerber stated on CNBC’s “Last Call” with Brian Sullivan, that Musk was “blackmailing” Tesla shareholders, and that “the concept he would not management Tesla is absurd.” He added that “everybody on the board is a good friend or member of the family of his.”

Musk is already constructing synthetic intelligence merchandise exterior of Tesla, together with at X.AI, a startup he integrated in Nevada in March 2023, based on public filings. On a Tesla earnings name in July 2023, Musk instructed analysts, “there have been simply a few of the world’s finest AI engineers and scientists that have been prepared to hitch a startup however they weren’t prepared to hitch a big, type of comparatively established firm like Tesla.”

Tesla has introduced plans to construct its personal knowledge facilities, Dojo supercomputers and a humanoid robotic, branded Optimus.

Tesla shares have dropped about 16% thus far this 12 months as of Tuesday’s shut after greater than doubling in 2023.

WATCH: Elon Musk is very much in charge of Tesla

Elon Musk is very much in charge of Tesla, him wanting more stock is 'weird': Ross Gerber

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