Ahead of Tesla's earnings report, the company's investors have stepped up with questions for management. Recent pricing adjustments and energy business development are in the focus of investors' attention.
Tesla will post its financial results for the first quarter of 2023 after market close on Wednesday, April 19, 2023. At that time, Tesla will issue a brief advisory containing a link to the Q1 2023 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.
The company's investors have the opportunity to pose questions to management, which will be addressed on the Earnings Call. To do this, the company works with the Say platform. Investors submitted their questions starting April 12. At first, they were more interested in growing the company's insurance business and updating the specifications and pricing of Cybertruck. However, at the moment, the main questions that concern investors have changed.
As of April 19, more than 14,300 shareholders, representing more than 10.7 million shares, have already taken part in asking questions and/or voting. Now the focus is on pricing adjustments, which has become especially relevant after the recent price cuts in the US and Europe, and energy business development.
At the moment, here are the top 3 questions (by the number of shares):
- What is the process to make auto pricing adjustments? What variables do you consider? How frequently do you review pricing? (1.3K Votes, 3.9M TSLA Shares Represented)
- Do you still believe Tesla Energy will be bigger than auto and when will you provide more formal guidance on megapack and overall Tesla energy? (5.6K Votes, 3.5M TSLA Shares Represented)
- Can you give current and future guidance on margin for the Energy business. (1.2K Votes, 3.0M TSLA Shares Represented)
© 2023, Eva Fox | Tesmanian. All rights reserved.
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Article edited by @SmokeyShorts; follow him on Twitter
About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.