Palo Alto, California – As Tesla Inc (NASDAQ: TSLA) prepares to release its first-quarter financial results, analysts are cautious about the electric vehicle giant’s growth prospects. With questions looming about Tesla’s robotaxis and Model 2, investors are eager for answers.
Analysts are projecting Tesla to report first-quarter revenue of $22.34 billion, slightly lower than the $23.33 billion reported in the same period last year. The company has a track record of surpassing revenue estimates in three out of the last five quarters.
Expectations for earnings per share are at 51 cents for the first quarter, down from 85 cents in the previous year’s first quarter. Tesla has had mixed results in meeting earnings estimates over the past five quarters.
In a recent investor note, Bank of America analyst John Murphy highlighted concerns about Tesla’s stock performance, attributing the pressure to weaker EV fundamentals and sentiment around the electrification theme. Despite the challenges, analysts are paying close attention to Tesla’s demand and future growth strategy.
Wedbush analyst Daniel Ives emphasized the importance of the upcoming conference call, calling it a “moment of truth” for Tesla and CEO Elon Musk. Ives believes that without a clear outlook, Tesla’s stock may face challenges in the future.
Investors are closely monitoring Tesla’s performance, particularly after recent reports suggested delays in the launch of the Model 2 next-gen vehicle. With uncertainties surrounding future growth drivers like robotaxis and the Cybertruck, the market is eagerly awaiting updates from Tesla.
As Tesla faces a crucial moment in its history, stakeholders are looking for reassurances regarding the company’s growth trajectory and future initiatives. With the stock down 18.6% over the past year and 43.6% year-to-date, Tesla’s first-quarter earnings report will provide valuable insights into the company’s outlook.