Tesla expected to report record high Q4 deliveries, but stock may not move significantly

From Investing.com: 2024-12-23 07:07:07

Tesla is expected to report record high fourth-quarter 2024 delivery figures, with Barclays estimating around 515,000 units, a 6% increase year-over-year. Despite the impressive numbers, analysts believe the stock may not see significant movement as investors focus on long-term opportunities in autonomous driving and AI over short-term deliveries.

Barclays forecasts Tesla’s full-year 2024 sales to be around 1.81 million units, in line with 2023 figures but slightly below company guidance for growth. However, the planned launch of “Unsupervised FSD” in 2025 and the low-cost “Model 2.5” in the first half of the year are expected to support growth outlook.

CEO Elon Musk has suggested a 20-30% year-over-year delivery growth in 2025, which Barclays believes will alleviate concerns from any potential near-term volume miss. The stock’s recent rally, up 68% post-election compared to S&P 500’s 2.6%, reflects positive sentiment on Tesla’s long-term opportunities and technical factors.



Read more at Investing.com: Tesla Q4 delivery numbers likely to have little impact on stock, Barclays says By Investing.com