Tesla set to report first-quarter results after the bell

tesla reports first-quarter results after the bell on wednesday. wall street expects earnings of 37 cents per share and revenue of $22.64 billion. that would be revenue growth of about 17% from a year earlier, marking the company's most robust growth period since mid-2023. the stock is down 14% this year, underperforming all its megacap peers. the company reported 358,023 vehicle deliveries for the quarter, lower than the prior quarter and up only about 6% from a year earlier. it faces pressure from competitors like china's byd and xiaomi, and a consumer backlash linked to ceo elon musk's political activities. musk has been trying to shift focus to self-driving tech and robots. tesla sells its fsd (supervised) system for $99 a month and recently gained approval to sell it in the netherlands. the company deployed 8.8 gigawatt hours of energy storage in the quarter, a drop from a record 14.2 in the prior quarter. musk's attention was divided as he merged spacex with xai in a $1.25 trillion deal ahead of a planned ipo.