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📰 $TSLA – GOLDMAN SACHS REITERATES NEUTRAL RATING ON TESLA Tesla’s Q4 2024 deliveries were about 496k (up 7% qoq, 2% yoy), production at 459k (down 2% qoq, 7% yoy). Full-year deliveries were 1.79M, down 1% yoy, missing the 515k needed for 2024 growth. Europe saw double-digit declines, China had mid to high teens growth, and the US was modestly down. Deliveries fell short of consensus estimates (500k-510k), with weakness in S/X/Cybertruck. Focus areas will be delivery volumes, gross margins, FSD progress, Energy segment, and Optimus development.

January 2, 2025
Frank

$TSLA – GOLDMAN SACHS REITERATES NEUTRAL RATING ON TESLA

Tesla’s Q4 2024 deliveries were about 496k (up 7% qoq, 2% yoy), production at 459k (down 2% qoq, 7% yoy). Full-year deliveries were 1.79M, down 1% yoy, missing the 515k needed for 2024 growth. Europe saw double-digit declines, China had mid to high teens growth, and the US was modestly down. Deliveries fell short of consensus estimates (500k-510k), with weakness in S/X/Cybertruck. Focus areas will be delivery volumes, gross margins, FSD progress, Energy segment, and Optimus development.