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Expand chart
Data: FactSet; Chart: Will Chase/Axios

Tesla reports its first-quarter financials after markets close late Monday afternoon.

Why it matters: Tesla leads the world in electric vehicle sales and dominates the U.S. market, but has only recently become consistently profitable.

What's next: Look for a seventh consecutive profit — Investor's Business Daily reports it's expected to be "huge" — on the strength of the company's record 184,800 deliveries in the first quarter.

The big picture: Tesla is facing headwinds and tailwinds going forward.

  • President Biden is pushing Congress to expand EV purchase incentives, which would help Tesla and GM. They have both reached the 200,000 per-manufacturer cap for the $7,500 consumer credits.
  • But Tesla also faces increasing competition as both long-established automakers and startups are bringing a whole bunch of new models to market.
  • And the Wall Street Journal notes Tesla faces "questions about the safety of its battery-powered vehicles following a recent crash in Texas and a protest in China."

Go deeper

Updated Apr 25, 2021 - Economy & Business

Elon Musk to host "SNL" on May 8

SpaceX owner and Tesla CEO Elon Musk arrives for an awards ceremony in Berlin, in December. Photo: Britta Pedersen/Pool/AFP via Getty Images

Elon Musk will host "Saturday Night Live" on May 8, with Miley Cyrus as musical guest, the comedy show announced.

Of note: "SNL" rarely has business people as hosts — though the SpaceX owner and Tesla CEO is no stranger to entertainment. He's starred in "'The Simpsons" and "The Big Bang Theory," briefly in "Iron Man 2" and often been on Joe Rogan's podcast. Tesla's shares fell in 2018 after Musk was seen smoking marijuana in one Rogan video, the Wall Street Journal notes.

Apr 26, 2021 - Technology

Self-driving cars speed forward while safety rules lag

Illustration: Annelise Capossela/Axios

The U.S. has taken a hands-off approach to regulating self-driving cars, hoping to help the market thrive — but that approach could ultimately backfire, if it helps sow doubt about the technology's safety.

Driving the news: The U.S. auto safety agency is investigating 28 crashes of Tesla vehicles. And with no clear rules or accountability, these incidents risk undermining public confidence in a technology that's supposed to help the U.S. keep its global competitive edge.

CDC says fully vaccinated people don't have to wear masks indoors

CDC Director Rochelle Walensky. Photo: Erin Clark-Pool/Getty Images

The CDC announced in new guidance Thursday that anyone who is fully vaccinated can participate in indoor and outdoor activities without wearing a mask or physically distancing, regardless of crowd size.

What they're saying: "If you are fully vaccinated, you are protected, and you can start doing the things that you stopped doing because of the pandemic," CDC Director Rochelle Walensky will say at a White House press briefing.