"Assessing Tesla's Stock Amid Plummeting Sales and EPS Estimates Ahead of Q1 Earnings"

Tesla stock is facing a decline in 2024 as analysts project lower vehicle deliveries and profit forecasts ahead of the first-quarter earnings. Wall Street consensus expects a decline in Tesla's earnings per share (EPS) for 2024, with estimates falling 29% since the end of 2023. The company's Q1 earnings are projected to fall, and there are concerns about EV demand impacting deliveries. Additionally, there are uncertainties surrounding the cancellation of the Model 2 and focus on the robotaxi platform, as well as regulatory pressures and Elon Musk's influence on the company.