TESLA will report next Wednesday

Its earnings season and Elon will make a show of that again 😄

Here is what analysts expect:

Earnings: Consensus from 33 Wall Street analysts polled by FactSet calls for a GAAP loss of $1.10 cents a share, which would compare with a GAAP loss of $2.31 a share in the first quarter of 2019. The analysts expect an adjusted loss of 36 cents a share, which would compare with an adjusted loss of $1.12 a share a year ago.

Estimize, a crowdsourcing platform that gathers estimates from Wall Street analysts, as well as buy-side analysts, fund managers, company executives, academics and others, is expecting an adjusted profit of 6 cents a share.

Revenue: The analysts surveyed by FactSet expect sales of $5.0 billion for Tesla, down from $6.4 billion a year ago. Estimize sees revenue of $5.3 billion for the company.

Here is what I expect:

Earnings do not matter; TESLA stock will go up!

See you next Wednesday!