Tesla under pressure: Here is the forecast for publication of the reports
The automaker will report the results of the quarter on Wednesday, when the company’s car in a parking lot in Shanghai is being pressured on the stock.
The manufacturer of electric vehicles, Tesla
Under the management of Elon Masak, is expected to report its financial results for the first quarter of this year, with the company’s share traded under pressure in the shadow of a documented explosion of the company’s car parked in the Shanghai parking lot.
Tesla is expected to present a loss in the first quarter of this year, when Musk said earlier this year that the company will show profitability only in the second quarter. If so, the question arises as to the depth of the loss that Tesla is expected to present.
According to forecasts by FactSet expect, Tesla is expected to post a loss of 94 cents per share on revenue of $ 5.5 billion per share. Compared to a loss of $ 3.35 per share in the same period last year, and compared with $ 3.4 billion in the corresponding quarter last year.
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Tesla has lost more than 9% in the past 12 months, and more than 20% this year.
Earlier this month, Tesla released its first-quarter vehicle sales data, according to which Tesla posted only 63,000 deliveries in the first quarter of the year. This is lower than that of the market analysts (deliveries of 76,000 vehicles), and a decrease from the previous quarter’s delivery figures (90,966 vehicles).
Investors’ eyes will be on the direction of sales of the company’s new model model 3 shadow competition in the segment of luxury cars.