Tesla is due to report earnings after the bell Tuesday, with Wall Street looking for any sign of a reprieve from this year's struggles. Shares are down more than 40% in 2024 and reached their lowest level since January 2023 on Monday amid concerns over demand, price cuts, a Cybertruck recall and heightening demand from Chinese competitors.
mountain Tesla shares in 2024 Against this backdrop, analysts are looking to see if Tesla can convince Wall Street of its growth potential ahead. Here's the company's setup heading into the report, what analysts expect and which updates analysts and investors are going to focus on for Tesla. Deliveries decline Tesla reported earlier in April that deliveries fell by 8.5% year over year in the first quarter. This was the first decline since 2020. Vehicle production also fell 1.