PREVIEW: Tesla's figures unlikely to ease concerns
Tesla Inc. has had a difficult first quarter. Vehicle deliveries slumped, tariffs imposed by the Trump administration threatened to increase the price of imported car parts, and the company's shares are down 40% this year. While those issues would be enough on their own, the automaker has also had to deal with CEO Elon Musk's controversial involvement in the US Department of Government Efficiency (DOGE) and protests and boycotts of its products around the world.
Tesla is expected to deliver disappointing earnings for the first quarter on Tuesday. Revenue is expected to stand around $21.8 billion, improving by a little over 2% on a yearly basis. Adjusted earnings per share could fall as much as 8% to $0.42. While the automaker's first-quarter figures might be propped up by an increase in sales before Trump's car levies came into effect, tariffs and Musk's image will continue to loom over Tesla this year.