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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 internationally.
It is set to report its Q4 2024 earnings on January 29. Wall Street analysts expect the company to post an EPS of $0.68, down from $0.71 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $27.02 billion, up from $25.17 billion in the previous year.
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The company’s stock traded at approximately $13.48 per share 10 years ago. If you had invested $10,000, you could have bought roughly 742 shares. Currently, shares trade at $394.74, meaning your investment’s value could have grown to $292,834 from stock price appreciation alone. 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 S&P 500 total return for the same period is 226.20%.
Tesla has a consensus rating of “Neutral” and a price target of $293.23 based on the ratings of 34 analysts. The price target implies more than 25% potential downside from the current stock price.
On Oct. 23, the company announced its Q3 2024 earnings, posting revenues of $25.18 billion, up 8% year over year. However, as reported by Benzinga, this missed the street consensus estimate of $25.37 billion.
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The company reported automotive revenue of $20 billion, up 2% year over year, in the third quarter. Tesla said the revenue was impacted by growth in vehicle deliveries, growth in energy generation, higher full self-driving revenue and lower average selling prices for vehicles.
Tesla remains on track to launch more affordable models in the first half of 2025. The Tesla Semi factory is also on schedule, with builds to start 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 vehicle platform.
