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Tesla (TSLA) earnings Q1 2022

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Elon Musk, CEO of Tesla Motors speaks at the opening ceremony for the Tesla Electric Car Manufacturing Plant in Gruenheide (Germany), March 22nd 2022.

Christian Marquardt | Getty Images

Creator of an electric vehicle TeslaAfter the bell, Wednesday’s first quarter earnings update will be delivered by.

According to Refinitiv’s estimates of 25 analysts, here is what Wall Street expects.

  • Earnings per share:Expected price: $2.26
  • Revenue:Expected Revenue: $17.80 Billion

Tesla announced this information in early February vehicle deliveriesThe closest estimate of sales reported by the company was 310,048 in the first quarter. Model 3 and Model Y cars accounted for 95% (or 295,324) of the deliveries during the three-month period ended March 31, 2022.

With news about the CEO, Wednesday’s earnings call will be held. Elon MuskThe hostile takeover offer by TwitterThe social media platform that he relied upon to promote Tesla, his public image, and other topics for over a decade.

Musk is no longer the leader or speaker on any Tesla earnings calls. However, Musk stated that he would be available for Wednesday’s update. The call will begin at 5.30 p.m. ET. ET.

Tesla has recently established two factories outside Berlin and Austin in Texas. Tesla’s CEO attended both grand opening events.

Tesla is investing in massive new facilities as part of its efforts to lower costs and distribute vehicles faster from factories to major customers across Asia and Europe.

Tesla also faces shortages in semiconductor parts and components, inflationary pressures and pandemic effects that have impacted the whole auto industry, aggravated by Russia’s invasion of Ukraine.

The extreme Covid Control measures taken in Shanghai by Tesla’s China plant for vehicle assembly forced it to suspend production during the second quarter. Reports say that the company will resume some production and ask employees for help. sleep at the factory.

Tesla’s business and labor practices in America are being scrutinized.

An Monday court filing revealedTesla was also the subject of previously reported investigations by DOJ and SEC. Equal Employment Opportunity Commission, which enforces civil rights laws to prevent workplace discrimination.

California’s Department of Fair Employment and Housing brought a suit against Tesla. In that lawsuit, the civil rights agency claimed that Tesla had enabled discrimination and harassment of Blacks at Fremont and allowed them to ignore it. Tesla denied the claims and claimed that the DFEH was targeting it to make a media spectacle.

According to Tesla’s questions before earnings calls, some investors may be interested in Tesla’s plans for addressing these claims. via Say Technologies.

Tesla is working on new products, and expanding production in Texas and Germany. Shareholders want more information.

They want to know more about Tesla’s capability to make and use 4680 batteries in its vehicles and other energy storage products. The group also wants more information on the “futuristic”, driverless robotaxi Musk spoke of at an Austin conference. factory event recentlyThe company’s FSD Beta experimental driver assist system is also available.

This is a developing story. Keep checking back to see the latest.

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