Investors ready for Tesla update as Musk eyes bigger stake

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City AM

By Jess Jones Elon Musk’s Tesla is gearing up to release its fourth quarter results on Wednesday as Musk is vying for a larger stake in the electric vehicle manufacturer. Analysts have forecast $0.72 earnings per share and $25.52bn in revenue for the upcoming quarter. But Tesla has fallen short of revenue forecasts in four out of the last five quarters. Tesla is currently slashing prices in order to bolster its sales volumes. Last quarter, China’s BYD dethroned Tesla as the World’s largest electric vehicle maker. This, along with factory closures, hit its bottom line in the company’s most rece…

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