Shares of Tesla Inc., the world's leading manufacturer of electric cars, have been trying to decline since the end of last month but have now stabilized around the 187.50 mark.
Investors are waiting for the publication of the Q1 financial report, which will be released today after the market closes. Experts predict that the corporation's revenue will be about 23.3B–23.8B dollars, 22.0–24.0% more than in the same period last year but earnings per share are likely not to exceed 0.86 dollars, which is 20.0% less than in the first quarter of 2022 (1.07 dollars per share). In early April, the automaker's management reported a record increase in delivered electric vehicles, the number of which amounted to 422.875K units, which is 36.0% more than last year, and a significant number of cars produced (441.000K units).
However, these positive data were levelled by fears of lower profits due to a series of cuts in the cost of the company's products. Since the beginning of the year, electric cars have fallen in price in China, Japan, Australia, and several other countries, and yesterday it became known about a decrease in prices for Model Y and Model 3 in the United States. Experts fear that such a policy could negatively affect Tesla Inc.'s annual profits, despite the increase in production.
Investors are waiting for the publication of the Q1 financial report, which will be released today after the market closes. Experts predict that the corporation's revenue will be about 23.3B–23.8B dollars, 22.0–24.0% more than in the same period last year but earnings per share are likely not to exceed 0.86 dollars, which is 20.0% less than in the first quarter of 2022 (1.07 dollars per share). In early April, the automaker's management reported a record increase in delivered electric vehicles, the number of which amounted to 422.875K units, which is 36.0% more than last year, and a significant number of cars produced (441.000K units).
However, these positive data were levelled by fears of lower profits due to a series of cuts in the cost of the company's products. Since the beginning of the year, electric cars have fallen in price in China, Japan, Australia, and several other countries, and yesterday it became known about a decrease in prices for Model Y and Model 3 in the United States. Experts fear that such a policy could negatively affect Tesla Inc.'s annual profits, despite the increase in production.