Tesla (TSLA) - Reports after the close, Wednesday, Apr. 24
Wall Street expects Tesla to report a per-share loss of 69 cents on revenue of $5.33 billion. This compares to the year-ago quarter when the loss came to $3.35 per share on revenue of $3.41 billion.
What to watch: Tesla stock has been under pressure following a first-quarter delivery miss earlier this month. The shares have lost more than 5% in the past 12 months, and more than 18% so far this year, compared to a 16% rise for the S&P 500 index. The reason? After two straight quarters of surprise profits, CEO Elon Musk has warned investors that a profit should not be expected this quarter, while saying the company could return to profitability in the second quarter. Wall Street is now bracing for a big loss, while focusing in the company’s quarterly operating margins. The company’s cash burn rate and ability to reach its 2019 shipment guidance will also be key areas of focus.