) will report Q1 earnings after the bell on Tuesday, giving a much-needed update on the EV maker’s current and future prospects as investor sentiment slides.For the quarter, Tesla is expected to report adjusted earnings per share of $0.52 on top-line revenue of $22.31 billion, per Bloomberg consensus estimates. That would be its first revenue decline in four years.
Tesla has given up a “key reason” why many own the stock: The Model 2 as a volume play would “reaccelerate volume, margins, and FCF ,” Deutsche Bank’s Emmanuel Rosner wrote in a note earlier this month. It would also mean the bull thesis is based on Tesla cracking the code for self-driving, which will require navigating a number of regulatory hurdles and acquiring enough data to train the software.
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