Tesla Stock Earnings Prediction

Tesla Q1 Earnings Call: Stemming the Bleeding

Worst Sales Quarter in Four Years

Tesla is facing a challenging earnings call after posting its worst sales quarter in four years. The company's share price has also taken a hit, declining 43% year-to-date.

Price Cuts and Share Decline

To combat declining sales, Tesla has implemented a round of price cuts. However, this has not been enough to stop the bleeding, as the company's stock continues to fall. Analysts attribute this decline to a combination of factors, including competition from other electric vehicle makers and concerns about Tesla's production capacity.

Wall Street Firms' Expectations

Ahead of the earnings call, four Wall Street firms have shared their expectations for Tesla's performance:

* Goldman Sachs: Estimates a revenue decline of 10% year-over-year * Morgan Stanley: Projects a 5% decrease in revenue * Citigroup: Anticipates a modest revenue increase of 3% * Bernstein: Expects a revenue drop of 7%

Morningstar's Take

Morningstar analyst Seth Goldstein states, "Tesla's earnings report will provide insights into the company's ability to navigate the challenging market environment. Investors should pay attention to updates on production, demand trends, and Tesla's plans to address competition."

Earnings Report Details

Tesla is expected to report earnings on April 23, 2024, after market close. The report will cover the fiscal quarter ending March 31, 2024.