When Tesla Inc reports first-quarter results after the bell on Wednesday, many individual shareholders will not be looking for details on the subject that drives most conversations: the effect of the novel coronavirus pandemic.
FILE PHOTO: Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo
Of the top 50 questions, only four refer to the novel coronavirus, with one investor asking what safeguards Tesla would implement to protect employees at U.S. factories. Another probed whether Tesla had plans to expand into the grocery delivery market, where demand has skyrocketed during the pandemic.
Analysts expect Musk to provide details on Tesla’s plans to restart factory operations after its only U.S. vehicle factory near San Francisco was forced to close at the end of March. The company originally said it would resume operations on May 4, but Bay Area health officials on Monday extended shelter-in-place orders to the end of May.
Currently, the No. 1 retail investor question is whether Musk will stick to his target for a 50% compound annual growth rate over the next five to 10 years, or whether a 40% target would be more realistic.Analysts on average expect March quarter revenue to jump 30% to $5.9 billion, according to Refinitiv, down from an initial February estimate of $6.7 billion.
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