After the close, electric vehicle (EV) leader Tesla (TSLA) is scheduled to report 4Q21 results with a conference call to follow at 5:30 p.m. ET.

For the quarter, TSLA is expected to report EPS and revenue of $2.37 and $16.6 bln, respectively.

In the Q3 earnings release, TSLA stated, "... Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries. The rate of growth will depend on our equipment capacity, operational efficiency and the capacity and stability of the supply chain."

On January 3, TSLA reported very strong Q4 delivery numbers that smashed analysts' expectations. Total deliveries exploded by 71% yr/yr to 308,000 vehicles, with Model 3 and Model Y leading the way.

Demand remained very strong and it seems likely that automotive gross margins held up well due to TSLA's improving manufacturing efficiencies and price hikes. That said, investors should also be ready for automotive gross margins to slip later this year once TSLA's new factories in Austin, TX and Berlin, Germany are operational.

TECHS:

TSLA's commentary and timeline regarding the Cybertruck launch will be interesting as Elon’s already out pumping the truck before the print. Remember that on January 14, the company pushed out Cybertruck production to 2023 from 2022. Originally, the company expected to launch Cybertruck in late 2021. (OOPS)

TSLA has easily surpassed top and bottom line estimates in each of the past three quarters. On the expectation that TSLA will keep that streak alive, the stock has been in rally mode this week, up about 5%.

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