TESLA EARNINGS PREVIEW - Q1 2020 ESTIMATES AND WHAT TO WATCH FOR (TSLA)

EV Channels Review

This video provides a detailed preview of Tesla's Q1 2020 earnings report, focusing on analyst estimates and key metrics. The presenter, Rob Maurer, meticulously breaks down revenue, gross profit, automotive gross margin (excluding regulatory credits), and EPS, comparing FactSet consensus, Tesla's compiled consensus, and his own projections. A significant portion is dedicated to the automotive gross margin, highlighting its importance for understanding the ramp-up of Model 3 from Gigafactory Shanghai and Model Y from Fremont. Maurer expresses optimism about Tesla potentially exceeding company-compiled consensus estimates, particularly on gross margin, suggesting this could lead to a positive Wall Street reaction despite potential negative media headlines. The review also emphasizes forward-looking commentary, especially regarding Tesla's ability to reaffirm its 500,000 delivery guidance for the year amidst the pandemic and production shutdowns, and updates on Model Y and Gigafactory Shanghai ramp-ups. The presenter notes that the Q1 results themselves are less critical than the future outlook provided by Tesla.