Tesla, Inc. will announce first-quarter 2022 results after US stocks trading on April 20, EST (Beijing time, April 21). Q1 is expected to have revenue of $17.78 billion and earnings of $2.26 per share.The second-quarter production guidance for the Shanghai plant affected by the blockade of the epidemic will be the focus of market attention, as the plant bears almost half of Tesla, Inc. 's capacity.

Zhitong Financial APP learned that Tesla, Inc. 's Shanghai factory resumed work on the 19th of this month, and so far about 8000 employees have been on duty. The plant will be produced in a closed-loop management mode, and the export of vehicles and spare parts will gradually resume.

Any accident from production at the Shanghai plant could reset Wall Street expectations. Before Tesla, Inc. announced the results, analysts at Wall Street investment banks expressed their views one after another.

Wedbush Securities analyst Dan Ives gave Tesla, Inc. a "buy" rating."taking into account the shutdown in the past three weeks, car production fell by about 50, 000 in the June quarter, depending on how hard Tesla, Inc. resumes production, which could be further affected next month," Ives said. Tesla, Inc. 's shares have come under pressure over the past month because there are too many variables in Chinese production in the second quarter that are sure to put pressure on guidance for the rest of the year. "

Evercore ISI analyst Chris McNally gave Tesla, Inc. a rating of "in line with the market".McNally said Tesla, Inc. 's second-quarter production guidance and management comments were likely to be more important than the first-quarter results, as the Shanghai plant shut down for three weeks, resulting in production losses of 1.6-18000 vehicles a week, revenue losses of $80 million-$100m, and EBIT losses of $24 million-$35 million, or 18-23 cents per share. Potential new catalysts include the resumption of Chinese production and legislation related to the previous American Reconstruction Act, which plans to increase the ceiling of federal tax credits for electric vehicles.

Credit Suisse analyst Dan Levy raised Tesla, Inc. 's target price to $1125 from $1025 and maintained its "outperform" rating on the stock.Analysts point out that the pace of plant restart in Shanghai and production fluctuations at plants in Berlin, Germany and Austin in the United States have increased the uncertainty of delivery in 2022. In the case of rising costs, profit margins are still the focus of the market.

Deutsche Bank analyst Emmanuel Rosner gave Tesla, Inc. a "buy" rating.Rosner said that due to logistics problems at the Shanghai port, cars produced by the Shanghai factory in April were likely to be used to fulfill domestic orders. Rosner said chip shortages still pose a short-term risk to production, but Tesla, Inc. has proved that his supply chain management capabilities are better than those of his peers, which will also be reflected in the first quarter's production data.

In addition to the automobile business, market analysts will also pay attention to Tesla, Inc. 's energy storage business.. "We believe that recent geopolitical events are accelerating the development of the fixed storage market at the grid / industrial / household level," said Adam Jonas, an analyst at Morgan Stanley. Any guidelines or comments on energy storage systems could open up a new way to adjust valuations.