Tesla’s response to the global semiconductor shortage, as well as to recent safety issues involving its Autopilot system, will likely be in focus Monday as the EV giant posts its first-quarter earnings after the close.
Tesla already reported on April 1 that it delivered a record 184,800 new cars in the first quarter.
According to analysts polled by FactSet, Tesla is expected to report revenues of $10.5 billion and adjusted EPS of $0.75 for the first quarter, which would be its seventh consecutive quarter of profitability. Analysts are further expecting Tesla to report sales of $11.6 billion and EPS of $0.98 per share for the second quarter.
RealMoney's tech columnist, Eric Jhonsa, will be analyzing the company's earnings report, as well as the call with analysts that's scheduled to begin at 5:30 p.m. ET.