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Tesla announces Q4 2023 deliveries and confirms the date for earnings

3 January 2024 By Klavs Valters

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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

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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice.