Tesla Inc. is anticipated to report a revenue of $21.3 billion for the most recent quarter, a slight decline from the previous year. Earnings per share are expected to decrease as well. Delivery figures fell short of estimates, marking Tesla's worst quarter since 2022, with declines noted in both the EU and China. Analysts are keenly watching for guidance on sales expectations and the possibility of Elon Musk returning to focus solely on Tesla amid competitive pressures from Chinese EV makers and legacy automakers expanding their electric offerings.
Some investors are willing to wait for new Tesla products, including its robotaxi and a less expensive vehicle for the U.S. market, which may cost $25,000 or less. Management has moved the launch of the inexpensive model to next year.
If Tesla misses those numbers, it will confirm fears that pushed shares down 44% last year. Poor deliveries are probably 'baked in' to the current stock price.
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