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.
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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