Tesla announces Q4 2023 deliveries and confirms the date for earnings

Tesla Inc. (NASDAQ: TSLA) reported the latest delivery numbers for Q4 2023 on Tuesday.

World’s largest electric vehicle company produced around 495k cars during the quarter. Deliveries reached 484k.

The company produced a total of 1.85 million vehicles last year – up by 35% year-over-year.

Total deliveries reached 1.81 million – up by 38% vs. 2022.

Company overview

• Founded: 1/7/2003
• Headquarters: Austin, Texas, United States
• Number of employees: 127,855 (2022)
• Industry: Automotive, renewable energy, artificial intelligence
• Key people: Elon Musk (CEO), Robyn Denholm (chair)

The stock was little changed on Tuesday, down by 0.02% at $248.42 a share.

Tesla will announced Q4 2023 financial results after the US market closing bell on 24/1/2024.

Stock performance

• 1 month:+ 5.45%
• 3 months: -1.26%
• 6 months: -10.67%
• 1 year: +101.67%

Tesla price targets

• Morgan Stanley: $380
• Wedbush: $350
• Royal Bank of Canada: $300
• Guggenheim: $132
• Deutsche Bank: $260
• Jefferies Financial Group: $210
• HSBC: $146
• Wells Fargo: $250
• Citigroup: $255
• Piper Sandler: $290
• UBS Group: $266
• JP Morgan: $135
• Truist Financial: $243
• Barclays: $260
• Goldman Sachs: $275
• TD Cowen: $200
• Mizuho: $330

Tesla is the 8th largest company in the world with a market cap of $789.70 billion, according to CompaniesMarketCap.

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Sources: Tesla Inc., TradingView, MarketWatch, CompaniesMarketCap, Wikipedia, MarketBeat