From CNBC:

Elon Musk and X (formerly Twitter) CEO speak at the Atreju political convention in Rome, Italy. Tesla is set to report fourth-quarter earnings, analysts expect 74 cents per share and $25.6 billion in revenue. Last year, Tesla reported 484,507 deliveries in the fourth quarter and more than 1.8 million for 2023. Chinese auto giant BYD topped Tesla in the last quarter of 2023, but Tesla maintained its lead in sales of battery electric vehicles for the full year.

To stay competitive with other domestic automakers, Tesla recently rolled out pay increases for many of its hourly factory employees. The company is also facing union pressure in Sweden and across Scandinavia, as well as a wide range of litigation and ongoing regulatory probes in the U.S. and Europe. Shareholders have submitted questions for executives to answer ahead of the earnings call, including inquiries about Tesla’s next-generation vehicle, the Model 2, and the company’s plan to increase production of its 4680 battery cells and electric Semi truck at its Nevada Gigafactory.

Musk’s demand to control more of the company has raised concerns among shareholders. Some believe he is “blackmailing” Tesla shareholders, while others are questioning his level of influence and control. Musk has already begun building artificial intelligence products outside of Tesla, including at X.AI. Tesla has also announced plans to build its own data centers, Dojo supercomputers, and a humanoid robot branded Optimus. Tesla shares have dropped about 16% so far this year.



Read more: Tesla (TSLA) 2023 Q4 earnings