Fremont, California – Tesla is set to release its first-quarter earnings after the closing bell on Tuesday, sparking anticipation among investors. The electric-vehicle maker’s stock has seen a 44% decline year-to-date, raising concerns among stakeholders.
Investors are particularly interested in key details on self-driving initiatives and robotaxis that Tesla might reveal during the earnings call. The uncertainty surrounding CEO Elon Musk’s involvement with the US government adds a layer of complexity to the upcoming financial report.
Tesla has faced challenges with its Cybertruck production, signaling a decrease in demand for the unique vehicle. Recent reports suggest that the automaker has adjusted production targets for various Cybertruck lines following a recall filing that revealed low delivery numbers for the vehicle. The Cybertruck, which generated significant hype upon its launch in 2023, has become a polarizing figure in the market.
In March, Tesla experienced a drop in used car prices, with owners selling their vehicles amid growing concerns over Elon Musk’s association with DOGE. The average price of a used Tesla declined more than 10% compared to the same period last year, with specific models like the Model S and Model Y experiencing even larger price drops.
As Wall Street braces for Tesla’s earnings release, analysts are closely watching for updates on margins, robotaxis, the Cybertruck, and plans for a more affordable Tesla model. The company’s conference call with analysts is scheduled to start around 5:30 p.m. ET following the earnings report at approximately 4:30 p.m. ET.
Overall, Tesla’s performance in the first quarter will be a key indicator of its future growth prospects as it navigates challenges related to production, market demand, and the evolving landscape of electric vehicles. Investors and industry analysts will be monitoring the earnings release and subsequent updates closely to gauge the company’s trajectory in the coming months.