Tesla Earnings Today: Why Guidance Is Key

Investors' growing optimism for Tesla (NASDAQ: TSLA) will be put to the test today. After market close, the electric-car maker will report its fourth-quarter and full-year 2020 financial results. Expectations are high. Analysts largely expect rapid revenue growth and a more than doubling of the company's non-GAAP earnings per share on a year-over-year basis. Can the automaker live up to the hype that has pushed shares 26% higher so far this year?

While Tesla's reported financial results will certainly be important, it may be another key figure from the update -- vehicle delivery guidance -- that will ultimately have the greatest impact on investor sentiment. Here's why investors should pay close attention to management's forecast for vehicle deliveries in 2021.

Image source: Tesla.

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Source Fool.com