The analysts' collective consensus on Tesla's (TSLA) Q4 2023 earnings has undergone a unified change.

January 25, 2024

Tesla (NASDAQ:TSLA) is set to unveil its Q4 and FY 2023 Update Letter later today, and ahead of the release, Tesla VP of Investor Relations Martin Viecha has disclosed a consolidated consensus from 28 covering analysts. The Q4 2023 consensus projects non-GAAP earnings per share of $0.73, total revenues of $25.7 billion, and automotive revenues specifically at $21.7 billion. The anticipated gross profit stands at $4.5 billion, with an estimated gross margin of 17.8%.

Looking forward to full-year 2024, analysts foresee Tesla reporting non-GAAP earnings per share of $3.62, total revenues of $115.1 billion, and automotive revenues amounting to $95.5 billion. The consensus for gross profit in FY 2024 is $21.5 billion, with an estimated gross margin of 18.6%. Analysts also anticipate Tesla to achieve 2,161,075 vehicle deliveries in the full year 2024.

Gary Black, a Tesla bull and Managing Partner of The Future Fund LLC, highlighted key metrics to monitor in Q4 2023, including auto gross margins excluding regulatory credits (expected at 16.7%) and the company’s full-year delivery estimate for 2024. He emphasized that any comments regarding auto gross margins excluding regulatory credits for FY 2024 would be of significant importance.

--------The article excerpted from TESLARATI.