Tesla's Q1 Results Disappoint & Confirm Deteriorating Fundamentals

Elon Musk vowed to sacrifice profitability in order to expand Tesla's Fleet which will benefit once Full Self-Driving is complete. This is a weak argument for further price cuts

Apr 20, 2023

∙ Paid

Tesla Q1 Earnings Were Weak & Point to Further Downside in 2023

While Tesla printed an adjusted EPS of $0.85 that was in line with consensus, its Q1 results were a huge disappointment, especially the undershooting of Automotive gross margin estimates and the 83% miss of consensus free cash flow (FCF) estimates. Guidance of 1.8 million in production this …

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