Tesla’s Q4 earnings call is tomorrow. Here’s what to expect

Q4 2019 Earnings

Earler this month Tesla announced a record number of deliveries in Q4 2019, with 112,000 vehicles delivered in the final 3 months of the year. Tesla even said that number could be conservative.

Tomorrow is the big day when they expand on that number, and give more details around the earnings for the company in its Q4 earnings call. The call will take place tomorrow, January 29th at 3.30pm (PST) after markets close. You can listen to the livestream here.

Given that Tesla posted profits in Q3 2019, and with the strong delivery numbers already announced for Q4, many are expecting another quarterly profit will be posted tomorrow. Bloomberg is expecting revenue of $7.05 billion vs. $7.23 billion year over year (YoY), and adjusted earnings per share of $1.74, vs. $1.93 YoY.

Also contributing to the expectations of a solid quarter is the completion of Gigafactory Shanghai ahead of schedule, and Model 3 deliveries already beginning in China.

Many are also expecting some updates on other products, like the Model Y. Rumours have been circulating that Tesla CEO Elon Musk will announce tomorrow the first deliveries of the highly-anticipated Model Y crossover SUV. There is also the possibility that will coincide with the release of feature complete Full Self-Driving (FSD), as hinted by Tesla’s website.

Tesla’s stock (TSLA) has more than doubled from it’s low in mid-2019, where prices were as low as $187 per share. Since then, the stock has coming within touching distance of $600 per share, and has realized a market capitalization above $100 million USD, making it the second most valuable automaker ahead of now third place Volkswagen, and behind the most valuable automaker, Toyota.

Today TSLA closed at $566.90, up 1.59% from the previous day. If Tesla posts positive number tomorrow, it wouldn’t be surprising to see shares finally break through the $600 barrier.

Tesla shares Jan 28

Be sure to check us out on Twitter tomorrow as I’ll be taking over the Tesla in Canada Twitter account and live-tweeting the earnings call.

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About Mike Flemming 784 Articles
Senior Contributor. White Long Range AWD Model 3 owner since October 2018. EV fan since 2012 with my first Nissan Leaf | Mike@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca