American electric vehicle giant Tesla is gearing up to conduct its 2024 Earnings Call after the bell on April 23. As usual, Tesla plans to tackle key questions shareholders submit on the communication platform Say.
The upcoming Earnings Call is indeed one of the highly awaited Tesla events following lower-than-expected deliveries in the first quarter of the year, which can significantly drive down revenues.
Tesla Encourages Shareholders to Submit Questions on Say
Tesla’s Investor Relations Vice President Martin Viecha officially declared today that the company opened the Q1 2024 Earnings Call Q&A on Say through his X account.
As you may observe in the TSLA investor questions, the most prevalent topics shareholders are particularly interested in focusing on are the Robotaxi development, Full Self-Driving or FSD (Supervised), the $25,000 EV, Tesla Semi truck, and Optimus Bot.
As of writing, listed below are the top 10 most-voted questions from shareholders for Tesla executives in Say:
| 1. Tesla’s Robotaxi unveil on 8/8, what is the realistic timeline for launching a revenue-generating Robotaxi network? 2. Can we make FSD transfer permanent (until FSD is fully delivered/Level 5 autonomy)? 3. What is the progress on the cheaper next-generation vehicle? 4. Have any of the legacy automakers contacted Tesla about possibly licensing FSD in the future? 5. What is the timeline for the release of the Tesla Robot? 6. What is the timeline for scaling Semi? 7. What is the progress on Cybertruck ramp up? 8. Can we get an official announcement and timeline of the $25K vehicle? 9. Will Tesla allow the purchase of the vehicle after the lease ends? 10. When can we expect Tesla Insurance in all states? |
Tesla’s Upcoming Earnings Call
Tesla plans to conduct the Q1 2024 Earnings Call at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) following the release of its financial results in an Update Letter after markets close on April 23, 2024.
The Musk-led company plans to discuss its financial results and outlook in the given period based on its previous records and recent progress. As usual, Tesla will hold a webcast for the special event.
Analyst Expectations
Analysts expect Tesla to report revenue of $22.73 billion for the first three months of the year. It indicates a decline from the same period last year and Q4 2023, Investopedia reports, citing Visible Alpha’s estimate compilation.
They expect Tesla’s adjusted net income to hit $2 billion, down from $2.49 billion in Q4 2023 and $2.93 billion in Q1 2023. Meanwhile, adjusted earnings per share is expected at 55 cents. Refer to the table below:
| Analyst Estimates for Q1 2024 | Q4 2023 | Q1 2023 | |
| Revenue | $22.73 billion | $25.17 billion | $23.33 billion |
| Adjusted Earnings Per Share | 55 cents | 71 cents | 85 cents |
| Adjusted Net Income | $2 billion | $2.49 billion | $2.93 billion |
Considering the disappointing delivery results in the first quarter, it is no longer surprising that analysts have now lowered their expectations for Tesla’s financial results. It would be interesting to see if the Musk-led company can hit the analysts’ forecasts this quarter, or if it will also fall short.
