Tesla(US:TSLA) ZACKSยท2025-04-16 13:35Core Insights - Tesla is set to release its first-quarter 2025 results on April 22, focusing on vehicle deliveries and profit margins, with expectations of weak performance in its core EV business but growth in its Energy Storage segment [1] - The company has missed earnings estimates in three of the last four quarters, with an average surprise of 0.8% [1] Q4 2024 Performance - In Q4 2024, Tesla produced 459,445 units, a 7% decline year-over-year, and delivered 495,570 vehicles, a 2% increase year-over-year but below estimates [2] - Total automotive revenues were $19.78 billion, down 8% year-over-year, with a gross margin of 15.9%, down from 18.3% in Q4 2023 [3] Energy Storage Business - Energy Generation and Storage revenues reached $3.06 billion in Q4 2024, a 113% increase year-over-year, exceeding estimates [4] - Energy storage deployments were 11 GWh, surpassing projections, and the segment is expected to see a 90% revenue increase year-over-year in Q1 2025 [4][8] Q1 2025 Expectations - In Q1 2025, Tesla delivered 336,681 cars, a decline from previous quarters and missing estimates [5] - Deliveries fell across key regions, attributed to production disruptions and potential brand image issues due to CEO Elon Musk's political activities [6] Revenue and Margin Projections - Weaker delivery volumes are anticipated to negatively impact revenues, with gross margins expected to fall to 15.8% [7] - Despite the challenges in the automotive segment, Tesla is making progress in reducing costs, which may help mitigate some negative impacts [7] Overall Earnings Outlook - The consensus estimate for Q1 2025 earnings is 45 cents per share, with a sales estimate of $21.85 billion, indicating a 3% year-over-year rise [12]