This might be the most hyped Tesla earnings in recent memory. And not for all the right reasons. Tesla has taken many hits this year as its CEO Elon Musk leans further into right-wing politics and oversees DOGE, the advisory body that President Trump has bestowed the power to slash federal spending. For Tesla, that has meant watching both its stock price and global sales plummet. And that’s not even taking into account pressure from competitors in China, Europe, and North America. As Tesla bull and Morgan Stanley analyst Adam Jonas wrote in a note this morning, Tesla is facing the lowest margin expectations this quarter in 12 years. How Tesla’s stock performs will be reliant on the company’s ability to explain why its profit margins are worse than Volkswagen’s amid “likely cash burn,” instill confidence in its autonomy plans, and wrangle Musk’s attention away from the White House. Analysts surveyed by Yahoo Finance are expecting revenue of around $21.41 billion, which would be flat year-over-year and down from $25.7 billion in Q4 2024. Tesla’s Q1 2025 earnings call is 2:30 pm PT / 5:30 pm ET. The public can listen along to the call by tuning in here, here, or on X. Here’s what we’ll be listening for. Updated EV sales guidance During Tesla’s last earnings call, the company said it expects its vehicle business to “return to growth in 2025.” Will that still be the case, given Tesla’s unimpressive delivery numbers for Q1 and weak customer demand driven in part by Musk’s politics? Tesla recorded 336,681 deliveries in the first three months of the year, its worst quarterly performance in more than two years. The automaker does have some tailwinds. It is better positioned than other OEMs to weather Trump’s tariff storm due to its domestic sourcing and high degree of vertical integration. That said, Musk’s proximity to Trump probably doesn’t help his popularity in China, one of Tesla’s biggest markets. That dynamic could drive more customers into the open arms of rival BYD....
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Last seen: 2025-04-23 12:45