From Investing.com:

Analysts at Bernstein predicts a tough year for Tesla in 2024, with lower margins and disappointing volumes. Q4 deliveries of 485,000 met consensus, bringing 2023 deliveries to 1.81 million. However, Bernstein models auto gross margins ex-credits at 15.7% vs. consensus of 17.8%, and below consensus on deliveries and EPS for 2024. The stock is trading at ~200x trailing TTM FCF, and nearly 100x EPS.



Read more: 2024 ‘looks tough’ for Tesla, according to Bernstein By Investing.com