Tesla Inc. is scheduled to release Q1 earnings on April 23, with revenue estimated at $22.34 billion and EPS at 51 cents.

The company's stock has reached a 15-month low, falling 3.4% to $142.05, as Wall Street predicts a slight decline in revenue and an adjusted EPS of $0.50.

Tesla has reduced prices on models in China and Germany and cut its global workforce by 10%, moves CEO Elon Musk says align production with demand.

The electric vehicle market is growing, with EVs making up 14% of global new auto sales in 2022, but Tesla's stock has been on a downtrend, dropping 14% the previous week.

Analysts maintain a 'Hold' rating on Tesla stock and express concerns about market complacency and potential further declines.

The upcoming earnings call is critical for Tesla to address investor concerns and to clarify the company's growth strategy and future prospects.

Tesla is rolling out its Full Self-Driving software v12.3.5, which eliminates human-written code for a neural network approach, and has lowered the price of its FSD platform.