Looking further ahead to the post-earnings conference call, investors and analysts will be waiting to hear any progress on Cybertruck production which is slated to begin later this year, any new information on the gen 3 platform discussed at Tesla’s investor day, and more on the timeline ahead for construction of Tesla’s latest gigafactory in Mexico.
In terms of profit, Tesla is expected to report adjusted net income of $3.03 billion — a billion less than last quarter and $700 million less than a year ago. With revenue staying flat-ish and profit dipping, the effects of margin compression could be at play here.
Wall Street is expecting Tesla to report $23.37 billion in top-line revenue and EPS of $0.860 on an adjusted basis. That revenue figure would represent a slight dip from the $24.32 million Tesla reported in Q4, but 24.6% higher than a year ago.