All eyes are on Tesla and its financial future as the EV maker is set to release its first-quarter financial results on Wednesday.
Many analysts expect sales to be down when CEO Elon Musk and CFO Deepak Ahuja release the data, including Morgan Stanley analyst Adam Jones, who told Barrons that a Tesla decline “is not only possible, but is likely,” adding that a U.S. decline is “reasonable” based on the company’s recent push in China.
Unlike other car companies, Tesla releases its figures a little differently, providing a single global sales total and not breaking it down by market or month which may obscure whether Tesla’s U.S. sales have indeed flattened and whether the downturn is a cause of capacity restraints and export demands as opposed to a leveling-off of customer interest.
But Tesla is a different kind of car company, a maverick to the finish line, and it has never seen the need to provide details of how it does month by month or market by market because they say their investors don’t care about the fine print in those details.
When Tesla released figures for the end of 2013 in February, a number of analysts noted that the number of registrations for Model S cars were lower in the second half than they had been in the first half, so its likely the trend may continue.
Still, even if Tesla sales have leveled in the U.S. (AutoData Corp. suggests Tesla delivered 1,600 Model S cars in March), Tesla has bigger fish to try both in China, which could become its most lucrative market, and with its proposed $5 billion Gigafactory, that would create 6,500 jobs and more lithium-ion batteries than the world has ever seen.
For these reasons, Jonas is not “fundamentally concerned” for Tesla because as he stated on behalf of Morgan Stanley: “we believe Tesla is the most important auto company in the world.”
Expect news about Tesla’s first quarter at the end of the trading day Wednesday, and if we know Tesla, we know that every answer won’t be revealed because they like the mystery that surrounds their product.