Expectations for Tesla were :
- EPS of $0.71 vs $0.74
- Revenue of $25.1B vs $25.6 billion expected
- Auto gross margins: 17.6% vs 23.8% last year
- COGs declined sequentially
- We expect the ramp of the cybertruck to be longer than other models given complexity
- Recorded a one-time non-cash tax benefit of $5.9B in Q4 for release of valuation allowance on certain deferred tax assets
Tesla says "our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023."
Shares of TSLA have fallen below $200, or about 4.5%.
TSLA after hours
