Electric vehicle pioneer Tesla (NASDAQ: TSLA) will be reporting earnings this Wednesday after market hours. Here’s what investors should know.
Tesla missed analysts’ revenue expectations last quarter, reporting revenues of $24.9 billion, down 3.1% year on year. It was a slower quarter for the company, with a slight 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, the market is expecting Tesla’s revenue to grow 14.7% year on year, a reversal from the 9.2% decrease it recorded in the same quarter last year.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing in majority downward revisions over the last 30 days. Tesla has missed Wall Street’s revenue estimates multiple times over the last two years.
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