Tesla Q4 2020 earnings: what to expect at tomorrow’s call

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Tesla had their best year on record in 2020, delivering 500,000 vehicles and meeting their annual guidance. Those numbers were achieved thanks to consecutive production and delivery records in Q3 and Q4, helping Tesla (TSLA) share prices rise more than 700% during the year.

Consensus among Wall Street analysts is that Tesla will continue its hot streak and set new records when it releases its quarterly and full year financials tomorrow. Here’s what to expect.

Earnings

With five consecutive quarterly profits coming into Q4, the consensus among Wall Street analysts is that Tesla will make it six straight. According to Wall Street estimates, Tesla is expected to post a profit of $1.04 cents per share.

Estimize, a crowd-sourcing platform, has a slightly rosier picture painted for the automaker. Analysts polled are expecting an adjusted profit of $1.08 cents per share.

Revenue

With consistent growth in production and sales, the consensus for Tesla’s Q4 2020 revenue is estimated at $10.473 billion.

Estimize is again most optimistic, expecting revenue of $10.657 billion.

Announcements

Aside from the usual financial figures discussed during the call by CFO Zachary Kirkhorn, we can usually rely on CEO Elon Musk to make at least a few key announcements.

The big announcement everyone is hoping for is the Model S and X refresh. For several months all clues have been pointing to the flagship sedan getting a long-awaited design update. Those rumours culminated in a lengthy production line shutdown that began in late December and continues to this day.

Tesla could also make an announcement on its 4680 battery cell production. The automaker has recently shared footage of what is assumed to be the Roadrunner pilot production line in Fremont. They have also released a dedicated page on its website aimed at recruiting members for its Battery Cell Team.

Finally, it wouldn’t be an earnings call without Musk providing an update on the rollout of Full Self-Driving (FSD). With the beta software in the hands of testers for three months, everyone is hoping for an announcement on a wide release, which will hopefully include Canada.

How to listen to Tesla Q4 2020 Financial Results

What: Date of Tesla Q4 and full year 2020 Financial Results and Q&A Webcast
When: Wednesday, January 27, 2021
Time: 3:30 p.m. Pacific Time / 6:30 p.m. Eastern Time
Q4 & FY 2020 Update: http://ir.tesla.com
Webcast: http://ir.tesla.com (live and replay)

Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.

Legal Disclaimer – Darryn holds shares of Tesla, Inc. (TSLA).

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Founder and Editor-in-chief of Drive Tesla Canada | Darryn@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca