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Tesla set to report first-quarter earnings after the bell



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Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022.Patrick Pleuil | Picture Alliance | Getty ImagesTesla is scheduled to report first-quarter earnings for 2023 after the close of trading on Wednesday.Here’s what analysts are expecting:Earnings per share: $0.85, according to the average analyst estimate compiled by RefintivRevenue: $23.21 billion, according to Refinitiv estimatesrelated investing newsTesla’s first-quarter earnings call will be livestreamed via Twitter Spaces, a first for the electric vehicle maker. CEO Elon Musk sold billions of dollars worth of his Tesla holdings in 2022 to finance a $44 billion buyout of the social media company, where he is now also CEO.Analysts are closely watching Tesla’s automotive gross margins after the company cut prices on its vehicles at the end of last year and into the first quarter of 2023, including additional cuts Tuesday night. At the same time, Tesla is charting ambitious plans for expansion and increased capital expenditures.Revenue in the quarter likely increased 24% from $18.76 billion a year earlier, according to Refinitiv estimates.Tesl …

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