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Tesla (TSLA) Reports Earnings Tomorrow: What To Expect

Tesla (TSLA) Reports Earnings Tomorrow: What To Expect

Yahoo4 days ago
Electric vehicle pioneer Tesla (NASDAQ:TSLA) will be reporting earnings this Wednesday after the bell. Here's what to expect.
Tesla missed analysts' revenue expectations by 8.1% last quarter, reporting revenues of $19.34 billion, down 9.2% year on year. It was a disappointing quarter for the company, with a miss of analysts' revenue estimates and a significant miss of analysts' operating income estimates.
Is Tesla a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Tesla's revenue to decline 10.8% year on year to $22.74 billion, a reversal from the 2.3% increase it recorded in the same quarter last year.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 14 downward revisions over the last 30 days (we track 25 analysts). Tesla has missed Wall Street's revenue estimates six times over the last two years.
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