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Automotive

Week Ahead: Numbers, Profits and Electric Products

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2023 Honda Accord.
Honda officials plan to talk about their expectations for 2023.

We’ll kick off the week looking at what the year may bring for Honda and its luxury unit, Acura. The automaker’s U.S. executive team are hosting a virtual roundtable with select reporters this week to talk about the brand’s expectations for 2023.

We’ll be part of those presentations, where officials will offer insights about sales and production targets and electrification initiatives for this year. Look for that story on Wednesday at 9 a.m.

With us closing in on the end of the month, it means earnings season kicks off this week with Tesla reporting its fourth quarter and full year results Wednesday after the market closes.

(Click Here to check out our latest Headlight News podcast.)

Tesla CEO Musk at semi delivery event
Tesla CEO Elon Musk walk investors and the media through the company’s earnings this week.

Consensus estimates have the EV maker reporting Q4 revenue of $24.2 billion and with earnings per share coming in at $1.13 per share, which is about 40 percent better than the 85 cents per share for the same period last year.

For the full year, analysts believe the company will report earnings of $81.8 billion with earnings per share coming in at $4.02, which nearly double 2021s results of $2.26 per share. It should be noted the estimates have been sliding for the last 30 days as Tesla’s dealt with lawsuits, investigations, prices cuts and more. 

General Motors and Ford will report their earnings in the following week with fellow EV makers Lucid and Rivian reporting at the end of February.

TheDetroitBureau.com will remain focused on electric vehicles in the second half of the week because on Thursday we’re talking with Bollinger Motors founder Robert Bollinger one-on-one as well as getting some ride time in the EV maker’s new B4 chassis cab.

One time thought to be in the mix in the consumer market, Bollinger saw the trends of the market place, quickly focusing the Michigan-based company on the commercial side of the business. 

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