Tesla Q4 Earnings Tonight: Revenue Expected to Drop Year-Over-Year and Quarter-Over-Quarter

Tesla will release its fourth-quarter 2024 financial results in the early hours of January 29. Its earnings outlook is viewed unfavorably due to declining electric vehicle production and deliveries. Data shows that in Q4 2023, Tesla produced 434,358 vehicles and delivered 418,227 units—both figures lower than those in Q3 2024 and the same period in 2023. Wall Street analysts generally expect Tesla’s Q4 revenue to be approximately $24.766 billion, down from $28.095 billion in Q3 2024 and $25.707 billion in Q4 2023, potentially marking a year-over-year and quarter-over-quarter decline. Additionally, institutions forecast Tesla’s full-year 2024 revenue at around $95 billion, below the $97.69 billion recorded in 2023. The final financial figures will be officially disclosed upon the release of the earnings report.