Tesla Q1 Earnings: Live Blog and Analysis
Tesla Reports Quarterly Earnings Today
Tesla, the world's most valuable automaker, will report its first-quarter results today, April 23, after the market closes. The earnings announcement comes amid a decline in the company's stock price and a recent announcement that CEO Elon Musk has sold a significant portion of his shares.
Key Points to Watch
Analysts will be closely watching Tesla's earnings report for several key metrics, including:
- Revenue: Analysts expect Tesla to report revenue of around $17.1 billion, up from $10.4 billion in the same period last year.
- Earnings per share (EPS): Analysts estimate that Tesla will report EPS of $2.27, up from $0.93 in the first quarter of 2021.
- Vehicle deliveries: Tesla is expected to report deliveries of around 318,000 vehicles in the first quarter, up from 184,800 in the same period last year.
- Gross margin: Tesla's gross margin is expected to improve slightly in the first quarter, driven by higher prices and increased production efficiency.
Management Commentary
Tesla management will host a conference call to discuss the earnings results after the market closes today. Investors will be listening closely to management's commentary on the following:
- Production and delivery guidance: Tesla will provide an update on its production and delivery targets for the rest of the year.
- New product announcements: Tesla may announce new products or updates to existing products.
- Outlook for the automotive industry: Tesla management will likely comment on the overall outlook for the automotive industry, including the impact of the global chip shortage and rising raw material prices.
Stay Tuned for Live Updates
We will be providing live updates throughout the day on Tesla's earnings announcement. Stay tuned for the latest news and analysis.
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