Tesla Too Afraid To Give 2024 Volume Guidance

Tesla becomes the only carmaker in the world to forego volume guidance

While Tesla’s Q4 2023 results were largely in line with consensus (non-GAAP EPS was $0.71 versus estimates of $0.73), the foregoing of 2024 volume guidance led the stock to drop by over 5% in the after-hours. I’ll be surprised if Tesla doesn’t fall more that 5% tomorrow and I regret having bought calls ahead of this print.

Carmakers not giving volume a…