$TSLA earnings tonight key points:
Bottom line: I expect the stock to be flat to up on earnings. In the end, investors who believe in Tesla's view will be unchanged after earnings.
➡️When the numbers hit the first two factors that investors will be focused on is ASP's in a post tax credit world and gross margins.
➡️ASP in Sep were $41.8K
➡️Auto margins ex credits are expected to be 13.6%. ➡️That compares to 15.4% in Sep, 15% in June and 12.5% in March. I expect margins will end 2025 closer to 15%.
The meat that investors are looking for will come on the earnings call.
➡️How many cities will roll out this year for Robotaxi without a safety driver. Elon had said they would add 6-8 cities previously.
➡️There is little he will say on Optimus or FSD in Europe in China beyond what he said last week at Davos.
➡️Last is commentary about deliveries this year. The Street is looking for up 7%. It needs to be flat to keep investors comfortable.
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- longlive100·01-29Spot on, margins and Robotaxi updates will drive sentiment. Fingers crossed! [看涨]LikeReport