News

Tesla is expected to report a decline in profit margins and earnings for the first quarter, as weaker-than-expected deliveries in the January–March period weigh on performance. The electric vehicle maker delivered around 337,000 units, missing estimates, with operating leverage also falling short.

Wells Fargo forecasts Q1 earnings per share at $0.34, well below the $0.42 consensus, and sees auto gross margin (excluding regulatory credits) declining to 12.8% from 13.6% in the previous quarter. The firm also cut its full-year 2025 EPS estimate by 16%, citing weaker demand for the refreshed Model Y and a projected 11% drop in deliveries.

Investor focus is now on potential updates regarding Tesla’s long-awaited low-cost Model 2, which could reinvigorate sales, though there has been no official timeline. Meanwhile, enthusiasm for the Cybertruck appears to be waning, and the company is reportedly shifting focus toward speculative ventures like the Cybercab and humanoid robot project Optimus — moves analysts’ view with skepticism.

Wall Street sentiment for 2025 has deteriorated, with many now projecting a second consecutive year of declining sales. Concerns are mounting over Tesla’s brand perception, which has been dented by CEO Elon Musk’s political activity, as well as broader economic uncertainty driven by the Trump administration’s tariffs.

***

​Tesla is set to release its Q1 2025 financial results on Tuesday, April 22, 2025, after the U.S. market closes.

The company will host a live webcast of its earnings call and “Company Update” at 4:30 p.m. Central Time (5:30 p.m. Eastern Time).

The webcast will be available on Tesla’s Investor Relations website at ir.tesla.com, with a replay accessible approximately two hours after the event.​

This article was written by Eamonn Sheridan at www.forexlive.com.

Carious crypto media reported that:

• BlackRock bought 1000 BTC for its spot Bitcoin exchange-traded fund
• made from Coinbase Prime wallets

Bitcoin update:

This article was written by Eamonn Sheridan at www.forexlive.com.

The major US stock indice are closing the day with declines close to 2.5% to start the new trading week.

• Dow Industrial average fell -971.82 points or -2.46% at 28170.41
• S&P fell -124.50 points or -2.36% at 5158.20.
• Nasdaq fell -41.55 points or -2.55% at 15870.90

The small cap Russell 2000 fell -40.30 points or -2.14% at 1840.32

This article was written by Greg Michalowski at www.forexlive.com.

Citigroup economists have pushed back their forecast for the Federal Reserve’s next interest rate cut to June, revising their previous expectation for a move in May.

Despite the shift in timing, Citi has left its broader outlook for 2025 unchanged, continuing to project a total of 125 basis points of rate cuts by year-end.

—

The updated forecast is one of many that are coming amid renewed market debate over the timing and extent of rate cuts.

Meanwhile, Trump continues his attack on markets and the Fed:

• Forexlive Americas FX news wrap: US dollar struggles to get off the floor

This article was written by Eamonn Sheridan at www.forexlive.com.

It’s a fairly light data calendar for the session ahead, eyes on the news once again in this headline-driven market. What will Trump tweet today?

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.

This article was written by Eamonn Sheridan at www.forexlive.com.