Analysts doubt Tesla's Cybertruck success due to low deliveries and profitability concerns.

From Investing.com: 2025-01-03 03:42:23

Tesla delivered around 15,000 Cybertrucks in Q4, far below initial claims of 2 million orders. Bernstein analysts question the Cybertruck’s future given low profitability and niche demand.

Analysts believe Cybertruck was a strategic misstep diverting attention from a needed lower-priced offering. Tesla’s declining auto gross margins in Q4 raise concerns about profitability and competition.

Excluding credits, Tesla’s auto gross margins forecasted to drop below 15%. Earnings expected to decline from $2.60 in 2023 to $2.10 in 2024, even with $1 billion in regulatory credits.

Tesla’s progress in robotaxi space under scrutiny. Bernstein skeptical about Tesla’s ability to outpace competitors due to limited sensor suite, regulatory hurdles, and less advantage in accident simulation training.

Tesla’s Q4 deliveries up 2% to 495,600 but missed estimates. Energy storage shipments grew 244% to 11 GWh during the quarter, showing potential growth in that sector.



Read more at Investing.com: Wall Street analyst says Cybertruck is ‘a bust’ By Investing.com