Tesla shares edged higher on Tuesday ahead of the electric vehicle (EV) manufacturer’s first-quarter results, with analysts expecting its lowest gross profit margin in more than six years. Shares have dropped around 40 per cent year-to-date as Elon Musk’s EV giant has struggled with layoffs and product discounts in the last few months. Ahead of the announcement of Q1 results, stock was up 0.7 per cent at $143 in premarket trading, due after the close of trading. CEO Elon Musk will likely face pointed questions from investors during the post-results conference call about the fate of the so-called Model 2, a low-cost vehicle he had promised in January would be available in 2025.
Tesla Shares Rise Ahead of Q1 Results Amid Profit Margin Concerns
