Hey everybody Rob Mallorke here and today we are going to be going through what to expect

from Tesla's Q1 earnings report tomorrow.

I'll go through my forecast as well as analyst consensus, we'll take a look at some of the

differences there.

And then we'll talk about key points to watch for as we get that shareholder letter and

of course the earnings call following that with that beginning at market close tomorrow

afternoon.

So before we even get into the forecast, I think we all kind of know what this earnings

report is about, right?

We've seen the huge price cuts here in the first quarter and everyone's big question

is how significantly that has impacted Tesla's margins and what that means going forward.

As always, when we walk through these numbers, that's the focus.

You know, we're not super worried about how forecast come in versus, you know, expectations.

It's more about what do these numbers mean?

What does it, what additional context do we learn from this report that will help us understand

where Tesla's business is going going forward?

So as we look through these numbers, you're going to see that I am pretty close to analyst

consensus.

We've got the trailing 12 months.

So the last four quarters on the left, my forecast in yellow and then on the right,

we've got the analyst consensus.

And right off the bat, you'll probably notice that the analyst consensus doesn't actually

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