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Tesla Earnings: What To Look For From TSLA

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TSLA Cover Image

Electric vehicle pioneer Tesla (NASDAQ: TSLA) will be announcing earnings results this Wednesday afternoon. Here’s what you need to know.

Tesla missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $22.5 billion, down 11.8% year on year. It was a disappointing quarter for the company, with a slight miss of analysts’ revenue estimates and a miss of analysts’ revenue estimates.

Is Tesla a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Tesla’s revenue to grow 5.6% year on year to $26.59 billion, slowing from the 7.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.55 per share.

Tesla Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

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