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Tesla Earnings Date

Tesla to Report First-Quarter Earnings Amidst Stock Decline

Earnings Announcement Expected After Market Close Tuesday

Palo Alto, Calif. - April 21, 2023 - Tesla, Inc. (TSLA) is set to report its first-quarter earnings results after the market closes on Tuesday, April 25th. The earnings report comes amidst a sharp stock decline for the electric vehicle and clean energy company.

Expected Earnings and Revenue

For the quarter, Tesla is expected to report adjusted earnings per share of $0.52 on top-line revenue of $22.31 billion, according to Bloomberg consensus estimates. The company's automotive business is expected to be the primary driver of revenue, with the energy storage and solar businesses contributing a smaller portion.

Tesla's gross profit margin is also expected to come under scrutiny. The company has faced challenges with rising input costs, including those for raw materials and labor. However, Tesla has implemented price increases recently, which could offset some of these cost pressures.

Stock Performance and Outlook

Tesla's stock price has declined significantly in recent months, falling by over 30% since the start of the year. Several factors have contributed to the decline, including concerns about rising competition in the electric vehicle market and geopolitical uncertainties.

The earnings report will provide investors with an opportunity to assess Tesla's financial performance and its outlook for the remainder of 2023. Analysts will be looking for updates on the company's production and delivery targets, as well as its plans to address rising costs.


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