Tesla (TSLA) will report its Q1 profit after the market closes on Wednesday, with investors focused on the impact of the Shanghai-related factory closure and the supply chain in the mid-quarter.
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Then there is the question of whether CEO Elon Musk's new pet project, which could be a hostile take on Twitter (TWTR), will jeopardize his focus on continuing to boost Tesla car production. The company previously said it would have a 50% annual car growth rate, and any deviation from that could increase Tesla's stock price.
Here are the numbers investors expect in the quarter, based on Bloomberg consensus data, compared to how Tesla performed in Q1 last year.
Revenue: $ 17.9 billion expected compared to $ 10.4 billion in Q1 2021
Profit changed per share: Expected $ 2.27 compared to $ 0.93 in Q1 2021
Tesla, like many car manufacturers in the world, continues to face supply chain problems caused by the epidemic and global chip shortages. Tesla was forced to close its Shanghai factory for three weeks amid a nationwide closure aimed at curbing COVID infection.
The company has reopened its factory as a closed system, meaning workers sleep on mattresses under a building.
"We estimate that about 50k units have now been reduced by the quarter of June to start when given the last three weeks of closure and depending on how Tesla can postpone production which could have a major impact next month," wrote Wedbush analyst Dan Ives in the letter. note before Tesla hall.
The automaker, however, also unveiled two new plants in the quarter, one in Berlin, which will supply Europe with new cars, and another in Texas, which is already producing EVs.
All of this comes within the scope of Musk's attempts to take Twitter. He is expected to make a tender offer to social media shareholders in the coming days.
That could be a distraction for the CEO, who is also the leader of SpaceX, The Boring Company, and Neuralink.
Musk is expected to join Tesla's lead call behind the bell, and investors will certainly be concerned to hear that he has a vested interest in Tesla or on Twitter at the moment.
