Shares of Tesla (NASDAQ:TSLA) slipped in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2023. Earnings per share came in at $0.71, which missed analysts’ consensus estimate of $0.73 per share.
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Sales increased by 3.5% year-over-year, with revenue hitting $25.17 billion. This missed analysts’ expectations by $590 million.
However, free cash flow increased substantially year-over-year, coming in at $2.06 billion compared to $1.42 billion in Q4 2022.
Is Tesla a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 10 Buys, 11 Holds, and five Sells assigned in the past three months, as indicated by the graphic below. After a 44% rally in its share price over the past year, the average TSLA price target of $231.24 per share implies 11.3% upside potential.
