Against a growing confluence of headwinds, including an erratic pricing strategy, the fate of the margin-critical Model 2, a growing dampener on global demand for EVs, and discord over a gigantic compensation package for its CEO, Tesla might well report its worst quarterly earnings in 7 years later today. Tesla (NASDAQ: TSLA) Q1 2024 Earnings This forwards my $TSLA estimates vs. consensus for 1Q earnings tomorrow. Non-GAAP EPS for Q1 2024:• $0.52 my estimate • $0.51 analyst consensus Bloomberg Auto gross margin excl. reg credits:• 15.4% my estimate (vs 17.2% in Q4 2023) and vs 15.9% consensus The swing #s… […]
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