Wall Street is expecting Tesla to report $23.37 billion in top-line revenue and EPS of $0.860 on an adjusted basis. That revenue figure would represent a slight dip from the $24.32 million Tesla reported in Q4, but 24.6% higher than a year ago.
In terms of profit, Tesla is expected to report adjusted net income of $3.03 billion — a billion less than last quarter and $700 million less than a year ago. With revenue staying flat-ish and profit dipping, the effects of margin compression could be at play here.
Looking further ahead to the post-earnings conference call, investors and analysts will be waiting to hear any progress on Cybertruck production which is slated to begin later this year, any new information on the gen 3 platform discussed at Tesla’s investor day, and more on the timeline ahead for construction of Tesla’s latest gigafactory in Mexico.