What to expect from Tesla’s revenue

0

Tesla (NASDAQ: TSLA) faces close scrutiny over concerns that the driverless features of the electric vehicle maker’s autopilot are unsafe after a recent fatal crash involving one of its vehicles. Critics have pointed out that driverless capabilities lure people into a false sense of security because the system implies that the technology is autonomous when it is not.

This article was originally written by MyWallSt. Read more market information from the MyWallSt team here.

Recently, Tesla’s shares have been more volatile than usual. The stock is up just over 1% from the industry benchmark S&P 500’s 12% gain since early 2021. Therefore, Tesla is hoping to turn the tide by releasing strong results on Monday. for the first trimester.

What is the date of Tesla’s earnings?

Tesla is releasing its results for the first quarter of 2021 on Monday, April 26 at 5:00 p.m. EST.

How can I listen to Tesla’s call for results?

To listen to the call and access the transcript, as well as the shareholder letter and quarterly financial statements, simply go to Tesla Investor Relations Page.

What to expect from Tesla’s revenue

Here are a few things investors will look for in Tesla’s earnings call:

Earnings and revenue growth: Wall Street expects Tesla to post adjusted earnings of $ 0.74 per share, up from $ 0.25 per share in the first quarter of 2020. If the company meets this estimate, it would be Tesla’s seventh consecutive quarter of profit. . Analysts predict that Tesla will report first quarter revenue of $ 10.5 billion, up from $ 6 billion a year ago.

Strong delivery figures: Earlier this month, the company reported stunning first quarter delivery figures. Tesla said it sold 184,800 and produced 180,338 cars, which exceeded analysts’ expectations for 168,000 vehicles. Analysts believe demand for Tesla’s Model 3 and Y is reaching its next stage of growth and say the company could now exceed 850,000 deliveries by 2021. eager to hear any indication of future deliveries.

Discuss chip shortages: The electric vehicle maker still faces chip shortages and supply chain issues, so investors might also like to hear the company’s plans on how it plans to meet its number targets. vehicles with these challenges.

Chinese market dominance: In addition, we can expect Tesla to discuss the company’s successful expansion into the Chinese market during the call. In early April, the automaker’s dominance in China was confirmed when data from the China Passenger Car Association showed that Tesla had delivered 69,280 vehicles to the region for the first quarter. The EV industry has now completely returned to pre-pandemic levels and Tesla is riding this wave with its lead in the local EV market over local rivals NIO and Xpeng.

MyWallSt gives you access to over 100 top-notch stock picks and the search to save them. Our team of analysts publish daily news, subscriber podcasts, and headlines that shake the market. Start your free trial now!

Warning Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states opinions) is for general information purposes only and does not take into account your personal circumstances or goals. Nothing in this document is (or should be considered) financial, investment or other advice on which to rely. No opinion given in the Material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any particular person.

The material has not been prepared in accordance with legal requirements aimed at promoting the independence of investment research. While we are not specifically precluded from processing before providing this material, we do not seek to take advantage of the material before it is released.

CMC Markets does not endorse or offer an opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets cannot be held responsible for any loss you may suffer, directly or indirectly, arising from any investment based on the information contained herein.

* Tax treatment depends on individual circumstances and may change or may differ in a jurisdiction other than the UK.

Read on for FREE

Share.

About Author

Comments are closed.