Tesla (TSLA) Misses Q4 EPS by 2c, Vehicle Volume Growth Rate May be Notably Lower

Tesla (NASDAQ: TSLA) reported Q4 EPS of $0.71, $0.02 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $25.17 billion versus the consensus estimate of $25.61 billion.

Outlook:

• Our company is currently between two major growth waves: the first one began with the global expansion of the Model 3/Y platform and the next one we believe will be initiated by the global expansion of the next-generation vehicle platform. In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas. In 2024, the growth rate of deployments and revenue in our Energy Storage business should outpace the Automotive business.

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