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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

Tesla co-founder raises $700 million for battery recycling startup

Illustration: Sarah Grillo/Axios

Redwood Materials, a Reno, Nevada-based battery recycling startup founded by Tesla co-founder JB Straubel, has raised $700 million at a $3 billion pre-money valuation led by T. Rowe Price.

Why it matters: Battery supply chains are coming under pressure from growing public acceptance of electric vehicles and automaker promises to switch away from gasoline engines.

NYC to impose vaccine mandate on private employers

New York City Mayor Bill de Blasio (D) announced a new COVID vaccine mandate for private companies during a Monday interview with MSNBC's "Morning Joe."

Why it matters: De Blasio said it was a "first-in-the-nation measure" and will go into effect starting Dec. 27.

D.C.-Beijing tensions are shifting markets

Illustration: Aïda Amer/Axios

U.S. markets stand to lose $2 trillion in value if D.C. and Beijing drift further apart.

Why it matters: Political chasms are showing up in new securities regulations that put companies and investors in a bind. The rules are also another reflection of how much relations between the world’s largest economies have cooled, even as they remain economically interdependent.