Tesla will release its results for the first quarter of 2023 after market close on April 19, EST. Investors are keen to identify the key areas of focus and potential investment value. In the short term, it's crucial to consider factors such as vehicle sales, pricing, and upstream raw material expenses in order to evaluate overall revenue and profitability. Tesla's market position and the competitive landscape should also be considered as indicators of growth potential. Finally, for a long-term perspective, investors should examine the sustainability and growth prospects of Tesla's Full Self-Driving (FSD) software subscription service and the often-underappreciated energy storage business.
Tesla reported a delivery volume of 422,900 vehicles for Q1 2023, primarily driven by effective pricing strategies. As the company expands its production capabilities, further price reductions are anticipated, which may stimulate demand. Tesla's cost advantage is likely to put pressure on competing electric vehicle manufacturers, potentially leading to an increased market share for Tesla.
In terms of long-term growth drivers, the FSD subscription service and the energy storage business are essential components. The growing number of hardware units is expected to bolster the FSD software subscription service's long-term growth. Furthermore, Tesla's energy storage business is a vital aspect of the company's strategy, boasting significant growth potential.
Currently, Tesla has a market value surpassing that of comparable mature companies. However, the stock price's future trajectory will heavily depend on whether financial reports consistently outperform expectations and on the company's monthly sales figures.