Tesla will hold its earnings call for shareholders for the fourth quarter and full year of 2020 after the markets close today, January 27, at 3:30 p.m. PST. 2020 was a recording breaking year for Tesla and in just a few short hours we will find out if Tesla’s record breaking Q4 delivery numbers will reflect in its Q4 and full year earnings. Between October and December 2020, Tesla managed to deliver 180,570 units and produce 179,757. Considering Tesla’s vehicle deliveries drive most of its earnings, we are expecting to see even more record breaking numbers from the California-based automaker.
Additionally, Tesla fans and EV enthusiasts are hopeful the automaker will announce a Model S/X refresh in addition to the company’s Q4 and full year earnings report, but we’ll just have to wait and see. It wouldn’t be the first time Tesla surprised us while announcing the success it saw during the previous year.
Tesla (TSLA) stock is currently at an all-time high, leaving analysts adjusting price targets and predictions on what’s in store for the EV giant. Top Wall Street analyst, Dan Ives of WedBush recently said in a note to clients: “While 4Q should be a relative blowout vs. Street expectations given the robust delivery numbers already reported coupled with more cost efficiency and tax credit tailwinds, all Street eyes are now on the delivery unit trajectory for Musk & Co. over the coming quarters.”