Investors are eagerly awaiting Tesla's upcoming operational update, which may detail plans for a more affordable vehicle and a robotaxi service. The electric vehicle company has seen a decline in deliveries and market position, particularly in China and California. Analysts predict a challenging first quarter, with significant scrutiny over CEO Elon Musk's role and its impact on the brand. Tesla's stock has dropped significantly, and the key automotive gross margin is also projected to decline due to increased volume prioritization over profitability.
"Tesla comes into results as arguably the most scrutinized company in the world. That's not really a position investors want to be in..."
"Analysts are expecting a bad first quarter, based on recent indicators... sales in China and California have fallen sharply as well."
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