Tesla Motors Inc. (Nasdaq: TSLA) will report Q1 earnings on Wednesday, May 6, after the bell. Analysts predict an earnings-per-share (EPS) loss of $0.50 and revenue of $1.04 billion.
But for the Tesla stock price, it doesn't matter if the company meets those expectations.
At Money Morning, we recommend taking a long-term approach with Tesla stock. Day traders can play TSLA's wild swings, but they are often unpredictable. Any announcement or tweet from CEO Elon Musk will often move TSLA shares several percentage points in minutes.