Tesla's First-Quarter Earnings Announced Amidst Stock Decline
Quarterly Report and Analyst Call Scheduled for Today
Analysts Predict Difficult Results After Anemic Sales
Tesla will release its first-quarter earnings report today, April 23, after market close. The announcement comes amidst a steep decline in the company's stock price.
Tesla's stock has fallen by more than 20% in the past month due to concerns about the company's ability to meet production targets and the impact of the COVID-19 pandemic on demand for its vehicles.
Analysts are predicting that Tesla's first-quarter results will be ugly. The company has already reported that its first-quarter sales were anemic, and a slump in earnings is seen as inevitable.
Tesla will host an earnings conference call today at 2:30 pm ET. Investors will be paying close attention to the call for any updates on the company's production and sales targets, as well as its plans to address the COVID-19 pandemic.
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