Tesla will report first-quarter earnings after the closing bell today. The market doesn't seem too optimistic, as Tesla underwhelmed in its last report and has cut prices multiple times since then. Investors want to see Musk's vision for the future of the company, fans want to hear more about the so-called Robotaxi that CEO Elon Musk says will be revealed this August and everyone wants to know what happened to the 'affordable Tesla' project.
and China. Price cuts have also led to heavy depreciation on Tesla vehicles, and Cybertruck production does not appear to be ramped up. Musk and other executives will want to assure investors that the long-term plan is still on track. We'll have to see if they can pull it off. In the meantime, read up on Tesla's ongoing headwinds here: Tesla's Year So Far 2024 Tesla Model 3 Performance Revealed: 510 Horsepower, 0-60 In 2.
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