Earnings Preview | Can Tesla maintain its gains? The key is to look at the 2022 production and delivery guidelines in the Q1 financial report

Source: Zhitong Finance

$Tesla (TSLA.US)$ will report first-quarter 2022 results on April 20 after the US stock market closes. Market expectations are for Q1 revenue of $17.78 billion and earnings per share of $2.26. That compares with earnings per share of $0.93 on revenue of $10.39 billion a year earlier.

Tesla is one of the better performers among tech stocks, with the stock up 20% over the past six months, outperforming the S&P 500. In addition, Tesla was appreciated by the market due to strong year-on-year growth in production capacity and deliveries in Q1.

It is reported that on April 3, Beijing time, Tesla announced the delivery data for the first quarter of this year. Data show that in the first quarter, Tesla delivered 310,048 electric vehicles and produced 305,407 vehicles, compared with 184,800 and 180,338 in the same period last year.

According to estimates, Tesla’s annual production in 2022 is expected to exceed 2 million vehicles. That would be an impressive achievement, as the company’s competitors come not only from EV startups like $Lucid (LCID.US)$ and $Rivian Automotive (RIVN.US)$ , but also from GM $GM Traditional car-making giants such as Auto (GM.US)$ and Ford Motor (F.US)$ .

Finally, despite Tesla’s growing focus on its growth strategy, namely volume and profit margins, which have also been major factors in the company’s recent success, in the company’s financial results on Wednesday, its 2022 production and delivery guidance will be the main driver of the stock’s share price.


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