Consensus Estimates And Analyst Predictions

Tesla Earnings Preview: Q2 2024 Expectations

Consensus Estimates and Analyst Predictions

For the second quarter of 2024 (Q2 2024), Wall Street analysts have a consensus earnings per share (EPS) estimate of $0.61. However, Estimizes, an alternative earnings prediction platform, provides a slightly higher forecast of $0.64 per share.

Historical and Projected Earnings

The table below presents Tesla's annual and quarterly earnings data, along with analyst estimates for future quarters:

Period	EPS Estimate	EPS Actual	Revenue Estimate	Revenue Actual
Q1 2024	$0.57	$0.62	$25.9B	$27.4B
Q2 2024	$0.61 (WS)	N/A	$28.4B (WS)	N/A
Q2 2024	$0.64 (Est.)	N/A	$29.1B (Est.)	N/A
Q3 2024	$0.69 (WS)	N/A	$31.6B (WS)	N/A
Q4 2024	$0.75 (WS)	N/A	$34.8B (WS)	N/A

WS = Wall Street consensus estimate; Est. = Estimizes estimate

Potential Impact of Self-Driving Technology

Analysts believe that Tesla's full-self driving (FSD) technology could significantly boost its earnings. Estimates suggest that FSD could contribute $1 to $2 per share annually to Tesla's EPS by the end of the decade.

Earnings Release and Market Expectations

Tesla is scheduled to release its Q2 2024 earnings report after the market closes today around 4:15 pm EST. Investors will be closely monitoring the results to assess the company's performance and the impact of ongoing macroeconomic factors.