- Revenue $25.7bn (expected $27.2bn)
- Adjusted EPS $0.73 (expected $0.76)
Matt Britzman, senior equity analyst, Hargreaves Lansdown:
“Tesla shares initially dropped after a disappointing fourth-quarter but have already bounced back, now trading higher after-hours as investors choose to look forward not back. A weak quarter was expected, with sluggish deliveries despite aggressive incentives. But the market’s quick recovery suggests investors are looking past the miss, fuelled by optimism around Full Self-Driving (FSD) and the upcoming affordable model – two key catalysts that could drive Tesla’s next leg of growth.
Self driving remains central to justifying Tesla’s lofty valuation, with the long-term bet resting on software-driven profits and autonomy. Progress is ticking along with growing FSD availability, improving real-world performance, and the first Cybercab production still on the 2026 roadmap. Meanwhile, the low-cost model is crucial for delivering growth in what’s shaping up to be a tough EV market next year, and investors will take comfort in Tesla sticking to a first-half 2025 timeline.”
