Tesla (TSLA) is expected to release its first-quarter earnings report, with investors focusing on future product developments.

Following disappointing fourth-quarter performance and unclear delivery guidance for 2024, Tesla's stock price has plummeted significantly. To date, it has dropped by 43%, experiencing a continuous decline of 19% over the past seven days.

Estimates suggest Tesla is projected to report earnings per share of $0.52 this quarter, with total revenue of $22.31 billion, marking its first revenue decline in four years. Profit is expected to be $1.49 billion, down 40% from the same period last year; adjusted net income and EBITDA are forecasted at $1.79 billion and $3.32 billion, respectively.

Within the financial report, Tesla may discuss its future product roadmap, including the potential low-cost electric vehicle Model 2 and autonomous ride-hailing. Analysts express concerns about the strategy of abandoning low-cost electric vehicles, fearing it may impact the company's long-term growth.

Furthermore, the company recently announced layoffs exceeding 10% and will face new shareholder votes, including whether to approve Elon Musk's controversial compensation plan from 2018.