LIVE: Tesla Announces Earnings

Electric car-maker Tesla announces its Q1 financial results after the stock market closes.

According to analysts surveyed by Bloomberg, revenue is expected to jump 25% year-over-year to $704 million. Earnings per share is expected to fall to $0.07.

In addition to selling electric cars, Tesla aims to be the leader in battery technology via its planned Gigafactory.

"With a compelling product offering in the luxury car segment, Tesla has found a profitable industry niche from which it can focus on reducing the battery cost," said UBS analyst Colin Langan in a March note to clients. "We see similarities with disruptive technologies in other sectors; however, disruption in autos will likely play out over decades rather than years given the high fixed costs."

Langan has a neutral rating on the stock and a $230.00 price target.

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