Analysts polled by Bloomberg are looking for an adjusted loss of $0.19 per share on revenue of $387.9 million.
Tesla reported its first ever quarterly profit in Q1 2013. Since then its stock is up 142%. Tesla shares hit an all-time high of $145.73 on Tuesday, before closing at $142.15.
Following the Q1 profit, Donn Vickrey at Gradient Analytics said "the company’s results have been driven by nonrecurring boosts and accounting gimmicks, all of which are either unsustainable or purely cosmetic," giving the company's earnings an 'F'.
One of the reasons profit is expected to take a hit in the second quarter is because of lower sales of zero emission vehicles (ZEV) credits and other credits that helped prop up Q1 profits.
We will be watching gross margin and sales volume. We will also of course be watching for comments on its production process