Tesla Inc TSLA shares are trading higher by 6.70% to $154.10 during Thursday's pre-market session after the company reported better-than-expected fourth-quarter EPS and sales results. Tesla reported fourth-quarter total vehicle production of 439,701, up some 44% year-over-year. Fourth-quarter deliveries came in at 405,278, up 31% year-over-year.
Following Thursday's report were a number of analyst rating revisions:
- Citigroup analyst Itay Michaeli maintained Tesla during Thursday's pre-market session with a Neutral and raised the price target from $137 to $146.
- B of A Securities analyst John Murphy maintained Tesla with a Neutral and raised the price target from $130 to $155.
- Wolfe Research analyst Rod Lache maintained Tesla with an Outperform and raises the price target from $160 to $185.
See Also: Tesla Q4 Earnings Highlights: Revenue And EPS Beat
Tesla Earnings Highlights, Recap
Tesla reported fourth-quarter revenue of $24.32 billion, which was up 37% year-over-year. The revenue total beat a Street estimate of $24.16 billion, according to data from Benzinga Pro.
Tesla reported fourth-quarter adjusted earnings per share of $1.19, which beat a Street estimate of $1.13.
The company said the fourth quarter marked the highest revenue, operating income and net income in company history...Read More
Tesla Inc has a 52-week high of $384.29 and a 52-week low of $101.81.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
