Tesla Earnings Q4 2023

1. Record Deliveries and Revenue Expectations: Tesla achieved record-breaking deliveries, leading to an expected revenue of around $25.88 billion. This reflects the company's strong performance in terms of vehicle production and sales. In the fourth quarter of 2023, Tesla delivered approximately 484,000 vehicles. The breakdown by model is as follows:

• Model 3 and Model Y combined: 461,538 vehicles.

• Model S and Model X combined: 18,652 vehicles.

• Other models (likely including the Cybertruck and the Semi): 1,250 vehicles.

1. Challenges Faced: Despite this success, Tesla faced several challenges in the early part of 2024. These included issues related to recalls and supply-chain disruptions. For instance, Tesla had to pause manufacturing at one of its German factories due to delays in the delivery of essential car parts.

2. Elon Musk's Role and Ambitions: CEO Elon Musk has expressed a desire to have more voting control over the company, citing concerns about Tesla's investments in AI and robotics. Musk, who owns 13% of Tesla, has suggested that he would prefer to pursue these technologies outside of Tesla if he does not gain increased voting control.

3. Competition and Global Presence: Tesla is facing stiff competition, especially in the Chinese market, where local EV manufacturers like BYD are emerging as strong contenders. Tesla is actively showcasing its products, such as the Cybertruck, in China despite a recent recall of 1.62 million vehicles in the country due to an Autopilot safety issue.