Electric vehicle pioneer Tesla (NASDAQ: TSLA) will be reporting earnings this Wednesday after market close. Here’s what to expect.
Tesla beat analysts’ revenue expectations last quarter, reporting revenues of $22.39 billion, up 15.8% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS 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 18.6% year on year, a reversal from the 11.8% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Tesla has missed Wall Street’s revenue estimates multiple times over the last two years.
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