Hyperdrive
Five Key Things to Watch in Tesla’s Earnings Report
- Carmaker will face questions on demand, price cuts, new models
- Shares have risen 17% this month after last year’s 65% rout
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Tesla Inc. investors badly bruised by last year’s 65% rout are looking for clarity from Wednesday’s earnings report on demand for its electric vehicles, how recent price cuts will impact profitability and how many cars the company plans to make in 2023.
It’s been an eventful three months since Tesla last reported earnings and Elon Musk spoke with Wall Street analysts. The chief executive officer closed his $44 billion acquisition of Twitter Inc. in late October, then offloaded billions of dollars worth of Tesla stock in November and December. Early this year, Tesla reported fourth-quarter deliveries that fell well short of expectations, then slashed prices in the US and Europe.