Tesla reports its earnings on Tuesday, and it’s likely to be a doozy. Elon Musk’s electric vehicle maker has already told analysts the number of Teslas it sold in the first three months of the year was about 9% lower than for the same period a year earlier. Wall Street analysts are currently expecting a 4% dip in revenue compared to the first three months of 2023. Tesla spent the weekend slashing prices on its vehicles and Full Self-Driving software to help move some of the unsold cars piling up at its stores.
Nick Wingfield is a Senior Editor at The Information, a tech-focused media company. With a background at The New York Times and The Wall Street Journal, Nick brings extensive experience in covering the tech industry and its impact on society. His articles explore a range of topics, from the latest developments in big tech companies to the challenges and controversies they face.