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Forbes
202 days

Tesla Earnings: Musk Expected To Report Another Annual Profit Decline

1. Tesla predicts Q4 revenues of $27.3 billion, up 8% from last year. 2. Full-year 2024 net income expected to decrease 25% to $8.2 billion. 3. Tesla's Q4 vehicle deliveries fell, marking its first year-over-year decline since 2016. 4. Musk's political ties and plans for autonomous driving could affect long-term growth. 5. Despite challenges, Tesla's stock rose over 100% in the past year.

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FAQ

Why Bearish?

Declining profits and reduced vehicle deliveries suggest weakening fundamentals.

How important is it?

Earnings trends and Musk's commitments could significantly affect investor sentiment.

Why Short Term?

Immediate earnings report will likely influence TSLA price in the short-term.

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