Tesla (TSLA) is set to report fourth-quarter earnings after the bell Wednesday, with analysts mostly optimistic the electric vehicle maker could benefit from CEO Elon Musk's ties to President Donald Trump.

Despite its rally since the U.S. election, analysts remain divided on Tesla stock, with the brokers following the company tracked by Visible Alpha divided between nine "buy," six "hold," and three 澳洲幸运5官方开奖结果体彩网:"sell" ratings. The electric vehicle maker also has an average stock 澳洲幸运5官方开奖结果体彩网:price target of about $362, about 7% below its intraday price Wednesday, suggesting some analysts think the 澳洲幸运5官方开奖结果体彩网:post-election rally has driven the stock too high.

Analysts expect Tesla to post revenue of $27.35 billion for the fourth quarter, with 澳洲幸运5官方开奖结果体彩网:net income expected to come in at $2.33 billion, or 66 cents 澳洲幸运5官方开奖结果体彩网:per share. In the same quarter last year, Tesla recorded $25.17 billion in revenue and $7.93 billion in net income, as profit was boosted by more than $5 billion in adjustments because of the "release of valuation allowance on deferred tax assets."

Earlier this month, Tesla stock was hit as the company's production and delivery numbers for the quarter came in 澳洲幸运5官方开奖结果体彩网:short of expectations, giving Tesla its first ye𝕴ar-over-year decline in full-year vehicle deliveries in the company'sไ history.

Analysts See Tesla Ben♍efiting From Musk-Trump Ties

Analysts from Wedbush, Morgan Stanley, and Piper Sandler recently lifted their price targets for Tesla stock to $550, $430, and $500, respectively.

The Wedbush analysts noted that they believe the company could benefit from Musk's proximity to Trump's administration during its second term. Trump's administration could provide an easier regulatory path to things like approval for new versions of Tesla's self-driving software, and for its autonomous "robotaxis" to hit the road, the analysts wrote.

Piper Sandler analysts said they believe investors will have a clearer picture of Tesla's future this time next year, when the timeline for things like new product releases, new versions of the company's self-driving software, and its other AI projects could be more definitive.

Oppenheimer analysts, however, said the link between Trump and Musk could be jeopardized if projects like 澳洲幸运5官方开奖结果体彩网:Musk's "DOGE" cost-cutting effort for the government aren't as successful as the pair hope it will be.

Ahead of Wednesday's report, Tesla listed a new version of its Model Y compact SUV on its website for orders, saying the vehicle will start to ship in March, starting at roughly $60,000.

Tesla shares were about 2% lower at $389.82 in Wednesday afternoon trading, as several 澳洲幸运5官方开奖结果体彩网:AI-related stocks retreated amid concerns about com൲petition from Chinese companies. Sti💛ll, they've gained over 60% since the Nov. 5 election.

UPDATE—Jan. 29, 2025: This article has been updated to reflect more recent analyst estimates and share price values.