Tesla stock has been tested

When will Tesla report the books?

Tesla will publish its quarterly accounts this evening, Tuesday, April 23, after Wall Street closes.

What are the market expectations?

Market expectations are set for EPS, earnings per share, of $0.49. Revenue is expected to be $22.71 billion.

What is the group’s recent industrial data?

Focusing on the most recent quarter (delivery and production), the data was disappointing and was below previously cut estimates. It experienced its first annual decline in deliveries, down to just 386,810 units, down 8.5% from the same period last year. Production was also low, at 433371 units, with the production/delivery gap widening, meaning EV demand is slowing.

The difficult challenges of the first quarter: from the sabotage of the Berlin factory to the competitive environment.

The belief that “supply can create its own demand” when it comes to Tesla is no longer true,

Some things drew attention in the first quarter of this year, including the energy sabotage at its Berlin plant that affected production in March. Regarding competition, there has been a lot of news in the industry. Californian group Fisker announced that it has halted EV production due to financial difficulties. Some traditional automakers that were looking to enter the electric vehicle (EV) space are battling high costs and low demand by turning to hybrids instead. Additionally, tech giant Apple has also abandoned its EV project.

Tesla vs China: the competition continues

There have been ongoing price cuts from the likes of BYD on new models with very low prices and an attempt to capture a large part not only of the electric car market but also of traditional ones. Tesla plans to launch its first electric pickup this year and there are still those trying to enter the electric car market with Xiaomi’s latest innovation, its SU7, which is priced below Tesla’s Model 3. Elsewhere, Huawei and the Luxeed S7 electric from Cherry. The sedan has finally started mass production.

Tesla’s answer: drastic price cuts and the promotion of autonomous driving

To continue, Tesla had to dig deep again. Prices for all four key models (3, S, Tesla will also offer a free one-month trial of its fully autonomous driving (FSD) to US customers. This is in the hope that it will tempt those who buy a Tesla to pay an additional $ 12,000 for driver assistance technology.

What to consider:

• Newest Models: The spotlight is on details about a sub-$30k electric car expected to go into production in the second half of 2025. This model aims to compete with them. BYD and its low-cost models, especially after the recent alert from a Reuters report claiming that Tesla was writing it. Musk’s response was that “Reuters is lying (again).”

• The latest version of the roadster: Musk has indicated plans to unveil the latest Roadster later this year, with deliveries expected next year.

• Charging activity: Tesla’s charging network has gone from strength to strength, especially the opening of Ford’s electric cars at the end of February.

• Optimus: There is more optimism about his abilities after the first positive feedback on the Humanoid Robot

• Chinese competition: Musk’s comments on the latest earnings call suggest Tesla can ‘crush’ the competition without trade barriers.

• Cybertruck development: After the first full quarter of shipments, increasing production to nearly a quarter of a million is challenging because of its “manufacturing complexity.”

• Possible triggers: Updates that could change the narrative and serve as a catalyst to return investors to more confidence, including any hints about the upcoming robotaxi that will be launched on August 8.