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Tesla reports Q1 earnings after the bell

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The Covid-19 outbreak in China forced Tesla to stop manufacturing electric vehicles in Shanghai for more than a week in February, and in the U.S. at the end of March.

vehicles in the first quarter of 2020, including: combined deliveries of 76,200 Model 3 sedans and Model Y cross-over SUVs, and combined deliveries of 12,200 of the older and more expensive Model S and X vehicles.

In Q4 2019, Tesla reported its second consecutive GAAP-profitable quarter, and investors will be looking to see if it continues the streak. At that time, Tesla executives said they expected the company to be positive cash flow and net income on a continuing basis, with possible exceptions as the company launches and ramps up production for new products. They also said they expected to comfortably exceed sales of 500,000 vehicles in 2020.

Tesla's main U.S. car plant in Fremont, California, has been operating at a minimum basic level since March 24, as required by Alameda County public health orders.

 

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