Elon Musk, the founder and CEO of Tesla Motors Inc, announced on April 22nd, 2019 that the company have designed and created a hardware for self-driving vehicles, said to be the best in the market.
While Tesla’s CEO appears to be more than positive about the revealed hardware for autonomous cars, Wall Street appears to be more cautious on the matter given the fact that the price of Tesla shares dropped with the announcement going public.
Tesla Stocks: Tesla Motors Profits for Q1 2019 Arriving on April 24th
Tesla is preparing to release the papers for the last quarter, while Wall Street expects to see some improvements in oppose to the last two quarters of 2018 when the company reported substantial losses.
The company warned on more losses for the first quarter of 2019, although Wall Street investors are hoping to see improved numbers in terms of demand and production.
On the other hand, Elon Musk hinted that even though profitability may lack in Q1 reports, the company expects to see profit improvements already in the second quarter of 2019.
Tesla Preparing to Showcase New Self-Driving Capabilities
The report for the quarter should come earlier this year in oppose to having Tesla usually reporting Q1 results in May, also announcing that the company will showcase the capabilities of Tesla autonomous technology.
The demonstration of Tesla self-driving capabilities should come only two days after the report is released.
The company is hoping to condition better performance in the terms of profit and demand in the next quarter of 2019.
Tesla Inc: Robo Taxi to Become a Thing in 2020
According to Tesla’s CEO, the announced new hardware for self-driving cars should condition the arrival of self-driving robot taxi “fleet” as Musk described it, which could potentially increase the overall demand for Tesla Motors product.
As a consequence, Wall Street investors may develop a stronger interest for Tesla stocks as 2019 is coming close to a finish.