Tesla net onder de 500.000 cars per year

Tesla recently announced its Q3 2024 production and delivery numbers, reporting a total production of around 470,000 vehicles and 463,000 deliveries. Most of these deliveries were of the Model 3 and Model Y, while its other models, including the Model S, Model X, Cybertruck, and Semi, made up a smaller portion. Analysts noted the delivery numbers align with Wall Street estimates but fell slightly below the anticipated targets, impacting Tesla's stock price. The company will release its full Q3 2024 financial report on October 23, accompanied by a webcast where CEO Elon Musk and other executives will discuss Tesla's performance and future strategies.

Robotaxi coming

In other developments, Tesla continues working on several major projects, including advancements with its autonomous driving robotaxi and Optimus humanoid robot, which is being integrated into factory operations. These projects, along with continued development in Tesla Energy, which recently deployed 6.9 GWh of energy storage in Q3, are expected to be discussed during the upcoming earnings call.

For this year Tesla's revenue will be around 99.42 billion USD. This is according to the average of the analysts' estimates. The expected revenue would be the highest in her history. This is slightly more than 2023's revenue of 96.77 billion USD.

Historical revenues and results Tesla plus estimates 2023

Tesla Headquarters San Jose © Tesla

The analysts expect for 2024 a net profit of 8.38 billion USD. The majority of the analysts expects for this year a profit per share of 2.43 USD. Based on this the price/earnings-ratio is a huge 105.99.

For this year analysts don't expect the company to pay a dividend. The average dividend yield of the automobile producers is a good 4.58 percent.

Tesla's market capitalization is based on the number of outstanding shares around 814.89 billion USD.

Historical stock prices Tesla

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