What to Expect From Tesla's Q1 Earnings Report On Monday
EV giant Tesla, Inc. is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For: Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.Focus On Regulatory Credits, Automotive Margins: The focus is likely to be on regulatory credits, which accounted for 4
Nio Stock, China EV Stocks Reverse Despite Strong March Sales Despite Chip Shortages
Nio andXpeng reported monthly and Q1 sales numbers on Thursday, withLi Auto releasing figures on Friday.BYD Auto is expected to follow in the coming days. Nio stock and other EV stocks turned lower Monday.Nio deliveries for March were 7,257, up 373% vs. a year earlier and 30% vs. February, when weeklong Lunar New Year holidays affected sales and production. Q1 sales were 20,060. Last week, Nio said it would halt production for five days starting March 29, citing chip shortages. It also trimmed i
President Biden will unveil his $2 trillion infrastructure plan today – here are the details
President Joe Biden will unveil a more than $2 trillion infrastructure and economic recovery package on Wednesday.The plan aims to revitalize U.S. transportation infrastructure, water systems, broadband and manufacturing, among other goals.An increase in the corporate tax rate to 28% and measures designed to prevent offshoring of profits will fund the spending, according to the White House.PresidentJoe Bidenwill unveil a more than $2 trillion infrastructure package on Wednesday as his administra