Tesla has previously announced delivery numbers slightly behind estimates.Tesla is next up on the slate of mega tech earnings after the close on Wednesday, and it will be closely watched as themarket grows increasingly nervous after Netflix earnings on Tuesday evening. The streaming giant collapsed 25% in afterhours in a move reminiscent of Facebook's last report.
“The main question for tomorrow is just how bad the China production issues are and what that means for deliveries in 2Q and the rest of the year,” Ives wrote. “Musk & Co. are in a tough spot, as there are so many variables around 2Q China production that will certainly weigh on guidance for the rest of the year and thus there has been a clear overhang on the stock over the past month.