Tesla earnings: What to expect from the EV maker

Tesla Inc. has the perfect opportunity to answer lingering questions about demand and margins that have brought its stock down lately.

Stock movement: Tesla shares have more than doubled so far this year, far outpacing gains of around 14% for the S&P 500 SPX. That outperformance, however, has evaporated in the past three months, with the stock down more than 11%, versus the S&P’s losses of about 3%. “Even when factoring in the shutdowns with no rose-colored glasses, Tesla clearly missed Street estimates this quarter with bulls left disappointed, although we see better days ahead for ,” the analyst said. The “vast majority” of price cuts are in the past, he said.

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