Tesla: performance concerns ahead of earnings

What happened: Tesla is set to report its first-quarter earnings on April 22, with Wall Street expecting EPS of 37 cents and revenue of $22.64 billion. Analysts are focusing on Tesla's slow Robotaxi rollout and capital expenditures, which are expected to balloon due to AI ventures. JPMorgan has a bearish outlook, warning of a potential 60% stock crash, while other analysts express concerns about Tesla's core business struggles and falling behind in robotaxis and robots.

Market impact: Tesla's underperformance has dragged down investor sentiment, with its stock down over 30% year-to-date. The EV sector and related supply chains may face headwinds if Tesla's earnings disappoint, while competitors like Lucid Motors and Rivian Automotive could see increased investor interest.

What to watch next: Tesla's Q1 earnings report on April 22 will reveal crucial details about the company's performance and guidance. Additionally, investors will closely monitor Tesla's delivery numbers in Q2, following a weak Q1 report, and any updates on the Cybertruck and Semi production timelines.