Tesla reports earnings after the bell Wednesday
Key Points
- Tesla reports Q4 earnings after market close on Wednesday.
- Shareholders are seeking updates on the companys automotive gross margins and demand outlook after Tesla implemented steep price cuts.
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Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images)
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Electric vehicle maker Tesla plans to report fourth-quarter results after market close on Wednesday.
Here's what analysts were expecting as of Wednesday morning, according to Refinitiv:
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- Earnings (adjusted):$1.13 per share
- Revenue:$24.16 billion
In the year-ago quarter, Tesla reported revenue of $17.72 billion and adjusted earnings of $2.52 per share.
Earlier this month, Tesla reported vehicle delivery and production numbers for the fourth quarter of 2022 that set a new record for the company, but fell shy of the company's goals and analysts' expectations, despite having cut prices on its cars in December to spur customers to take deliveries before the year's end.
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