Tesla earnings call live: Musk faces investors on quarterly results and forecasts
What time is Tesla's earnings call and how can you listen?
Tesla will post its first quarter earnings on the investor relations section of its website just after U.S. markets close Tuesday at 4:00 p.m. ET (2000 GMT).
Then company executives will hold what the company says will be a "live company update and question and answer webcast" at 5:30 p.m. ET (2130 GMT) that you can listen to here.
The company's Q&A webcast is also normally available on Tesla's account on X, the social media platform chief executive Elon Musk owns, and on its YouTube page.
(Pro tip from Reuters' reporter Akash Sriram: The live stream on the X page is usually a bit faster, while the YouTube stream is a bit more reliable than X.)
The company invites retail shareholders to ask and upvote questions online.
Top queries focus on the robotaxi, the impact of tariffs, manufacturing plans and political brand damage.
It stopped accepting online questions Monday afternoon, after over 3,000 were entered.
Tesla sales have slumped in Europe
5 minutes ago
15:00 EDT
Alessandro Parodi
Tesla's sales in key European markets fell again in March, data showed on April 1, adding to signs that drivers are shunning the brand.
The slump comes as competition from China stiffens and some protest against billionaire CEO Elon Musk's political views.
New Tesla sales in France and Sweden dropped for a third consecutive month, contributing to its lowest first-quarter sales figures in the two countries since 2021.
Musk, a close ally of Trump, has stirred controversy by courting far-right parties in Europe, adding to Tesla's sales slump ahead of the much-anticipated launch of its Model Y mid-size SUV.
In response to his right-wing activism, Tesla cars and dealerships have become targets for vandalism. Dozens of cars were burnt and showrooms spray painted in several European cities including Rome, Berlin and Stockholm in recent weeks.
"Never has a car brand suffered such a global fall from grace," said Quentin Willson, founder of British EV campaign group FairCharge and a Tesla owner.
Here's the whole story.
Tesla registrations slump 15% in EV-loving California
14 minutes ago
14:51 EDT
Akash Sriram
Californians further soured on Tesla in the first quarter, pulling down the electric-vehicle maker's registrations by 15%.
The drop-off means Tesla no longer accounts for a majority of the EV market share in the state, according to the California New Car Dealers Association.
It comes amid relentless protests in many cities in California - echoing the backlash in other countries - against Musk's involvement in Trump 's administration and his embrace of far-right politics in Europe. That's a key factor behind Tesla's 13% drop in first-quarter deliveries globally.
California's embrace of EVs makes Tesla's falloff more concerning given that overall zero-emission vehicle sales in the state rose 7.3% during the first three months of the year. While Tesla's market share fell to 43.9% from 55.5% a year earlier, brands such as Honda, Ford and GM's Chevrolet grew their footprint.
Investors will be closely watching Tesla's earnings release on Tuesday to see whether the company will maintain its growth forecast for the year in light of the decline in sales in key markets evidenced in the first quarter.
30 minutes ago
14:35 EDT
Purvi Agarwal and Lisa Pauline Mattackal
FILE PHOTO: Musk boards Air Force One in New Jersey, March 22, 2025. REUTERS/Nathan Howard
Josh Gilbert, market analyst at eToro, said investors are looking for clarity on the impact of auto tariffs, Musk's advisory role in the Trump administration as well as the rollout of cheaper EVs.
"Musk needs to deliver some magic and step up to the plate ... these three areas will be huge in Tesla's 2025 comeback or continued struggle," he said.
Wall Street investors want to know: Where's the robotaxi and the cheap car?
Tesla investors will be eager to ask Musk two pressing questions on Tuesday: when will the affordable vehicle launch, and is the robotaxi plan on schedule?
Wall Street has pinned its hopes on a cheaper car - promised by the end of the first half of this year - to revitalize drooping Tesla sales that have been hit by competition and retaliation to Musk's far-right politics.
Reuters reported exclusively on Friday that plans for an affordable Tesla include a stripped-down version of its best-selling Model Y SUV made in the U.S., but its production has been delayed by months.
"The low-cost Tesla might be the one thing that could turn momentum around. If it ends up just being a bare bones version of the Model Y, we think the street could be disappointed. Elon really needs to hit the deadline on this and hit the vehicle itself," said Will Rhind, CEO of global ETF issuer GraniteShares.
Tesla needs a win badly.
As sales have slumped, so have margins - Wall Street estimates the company's automotive gross margin likely hit its lowest level in the first quarter. Analysts expect this to persist as Tesla continues to offer incentives to boost sales.
Analyst estimates from LSEG on Monday pegged Tesla revenue for Q1 at $21.35 billion, which is flat from a year earlier.
A day later and that's already changed -- analysts are now projecting revenue to come in at $21.11 billion.
Their estimates for the total auto gross margin have also decreased, from 11.83% on Monday to 11.68% on Tuesday.
Tesla investors will anxiously tune in to Tesla's earnings update later on Tuesday.
They'll want to know if the electric vehicle maker's plans to roll out a cheaper car and a robotaxi service this year are on track, and whether CEO Elon Musk is ready to ditch his role in the Trump administration soon and get back to managing the company more closely.
The company is scheduled after market close to provide what is likely to be its most important update on operations since the launch of its Model 3 vehicle in 2017.
Tesla said earlier this month that it would "hold a live company update" along with its results and the question and answer webcast, sparking speculation on social media that it might make a major announcement.
The updates come amid relentless protests against Musk's involvement in President Donald Trump 's administration and his embrace of far-right politics in Europe. That's a key factor behind Tesla's 13% drop in first-quarter deliveries globally.
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