Tesla will report its first-quarter results after the market close, capping a busy news day for the electric-car maker.
To recap, two executives responsible for building cars are leaving the company: Greg Reichow, vice president of production, and Josh Ensign, vice president of manufacturing.
This is a big deal because Tesla is preparing to launch its mass-produced Model 3. Bloomberg noted that every Tesla model since the Roadster has been delayed by at least six months.
The second big new story was that famed short-seller Jim Chanos re-iterated his bearish view on the company and said he was short Tesla. Shares fell nearly 4% in trading.
Tesla is expected to report a quarterly loss of $0.60 per adjusted share, and revenues of $1.61 billion according to Bloomberg.
Wall Street will also be expecting to learn how Tesla expects to meet its production delivery targets. The company has a goal of 80,000-90,000 deliveries, and 400,000 pre-orders for the Model 3.
JPMorgan analysts had noted that the $35,000 price tag, although Tesla’s lowest ever, could still limit demand. That’s because it’s likely to be more expensive after options are added.
And of course, Tesla is no longer just about cars. Analysts will be seeking out updates on Powerwall, Tesla’s home battery.