Tesla investors await updates on service improvements, the Shanghai Gigafactory and Model 3 margins.
With Tesla set to release first-quarter results late Wednesday, investors want to know how much demand remains for their Model 3 electric sedans and whether they can be delivered profitably. Institutional investors are also wondering if Tesla will raise capital soon, as the company is still fighting to become a mainstream car maker with a foothold in China, the world's largest market for electric vehicles today.
CEO Elon Musk urged employees from all divisions to volunteer to deliver cars to customers before the end of the quarter, indicating that Tesla is still struggling with what the CEO called"delivery and logistics hell" in late 2018. At the end of 2018, Tesla executives told investors their 2019 goals would be to reduce costs, ship as many cars as possible, get Tesla's Shanghai factory up and running to help meet demand in China, and improve service in North America where customers have faced long wait times for repairs and spare parts. Investors will be looking for signs of progress on any of these fronts.
Because Tesla announced the retirement of CFO Deepak Ahuja during its last earnings call, Wednesday's will be the first led by Musk with CFO Zach Kirkhorn.
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