By coinnews 
00:00 Josh
Tesla segue today as a big first quarter earnings report now looms tomorrow after the bell. For more on what to expect from the EV giant, let’s bring in Yahoo Finances senior automotive reporter, Pras Subramanian. Pras.
00:17 Pras Subramanian
Hey, thanks Josh. Yeah, big earnings report on tap as questions swirl around Musk and that cheap Tesla EV. You know, as we all know, it’s been a rough quarter for Tesla stock down over 40% year to date. Q1 deliveries were a big miss, concerns about demand, and a lot of that is on CEO Elon Musk. His political activities, like Doge are sort of hurting the brand among people who disagree with his actions. And then there’s the effect of him not being around, right, which sort of some, some like Dan Ives are calling a code red situation that needs repair. Now, for the numbers, looking at around 21.43 billion, just slightly higher than a year ago. Street also expecting around adjusted EPS of 44 cents a share, translating to adjusted net income of 1.57 billion. So, that’s all great, but the bigger questions are, around Musk and the status of that cheaper EV now, which Reuters now says is delayed till later this year.
01:48 Josh
And so when we are listening for to the conference call tomorrow, is that really going to be the focus or should we still be photo focusing on things, Pras, like automotive gross margin that traditionally have also been something that investors zero in on?
02:18 Pras Subramanian
Yeah, I know. I’m sure they’ll be looking at those metrics to see how the auto business is doing, but from what I hear from the analyst community, what we hear from people, investors is the status of what is Musk doing? Is he going to return? You know, supposed that May deadline for when special employees need to go back to the to back out of the government. That’s the big question is what is Musk’s status? And then of course, yes, Julia, of course, you know, that cheaper EV many have questions about, when is that going to come out? That’s supposed to spur the next leg of demand and and sales for the company, because right now we’re seeing those sales sort of lag even with that new model Y that just came out in March. Those haven’t actually moved the needle just quite yet.