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'Remain highly cautious': Here's what 3 Wall Street analysts expect when Tesla reports 4th-quarter earnings

'Remain highly cautious': Here's what 3 Wall Street analysts expect when Tesla reports 4th-quarter earnings

Elon Musk.
Aly Song/Reuters



https://markets.businessinsider.com/stocks/tsla-stock?utm_source=markets&utm_medium=ingestTesla is set to report fourth-quarter earnings on Wednesday, and its high-flying stock has investors hoping for stellar figures.



Fourth-quarter deliveries already exceeded estimates, and analysts are looking for the automaker to guide for a leap in sales for 2021.



Here's what three Wall Street analysts expect from the company's fourth-quarter earnings report.



Watch Tesla trade live here.

Tesla is scheduled to report fourth-quarter earnings after the market closes on Wednesday. Even the smallest of misses could weigh on the company's extreme valuation.The automaker's shares surged in 2020 as steady profitability, retail-investor demand, and encouraging analyst upgrades boosted bullishness. The stock notched a 743% return through the year and a 64% gain in the fourth quarter alone.Tesla now trades with a trailing price-to-earnings ratio of more than 1,600x, making it among the most highly valued stocks in the world. SharesA closed at a record-high $880.80 on Monday.To be sure, quarterly deliveries already beat Wall Street's expectations. Tesla said earlier this month it delivered 180,570 of its electric vehicles last quarter, bringing its full-year total to 499,550. CEO Elon Musk previously set a 2020 target of 500,000 deliveries, and analysts largely praised the company for nearly hitting the lofty goal.
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