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Analysts Divided on Tesla’s Earnings Prospects Amid Elon Musk’s Rise in Trump Administration
By News Desk - Jan 28, 2025, 12:52 PM ET
Last Updated - Jan 28, 2025, 12:53 PM EST
Electric Vehicle maker expected to benefit from closeness to government as experts forecast $0.66 earnings per share
Electronic Vehicle maker Tesla [TSLA] is expected to report a strong Q4 quarter in the earnings report scheduled to be released Wednesday (January 30). The company has been in the limelight with its CEO Elon Musk’s ascendancy in the administration of President Donald Trump.
Trump’s flagship $500 billion Stargate artificial intelligence program has an unmistakable Musk stamp on it.
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Tesla Rally after Trump Election
Investopedia.Com reports that analysts expect Tesla to post $27.35 billion in revenue for Q4 that ended on December 31. The company is expected to report a net income of $2.33 billion, or 66 cents per share. In the same quarter last year, Tesla recorded $25.17 billion in revenue and $7.93 billion in net income.
However, the website said, a big rally since the U.S. election has not influenced all analysts to give a unanimous ‘buy’ signal to TSLA stock. Citing Visible Alpha, the website quotes nine "buy," six "hold," and three "sell" ratings for the stock. The average stock price target for the company is about $362, or 9 percent below Monday’s closing price.
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