Earnings are expected to be around $0.44 per share, according to consensus estimates, reflecting a 15% drop compared to the previous year, while revenues are anticipated

Tesla's market volatility after Elon Musk picked another fight with Trump has seen short-sellers make a tidy profit this week.

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 7.4% in the morning session after CEO Elon Musk announced over the weekend his intention to form a new political party, the "America Party.

Tesla’s premium valuation, long supported by high growth rates, disruptive technology, and Musk’s personal brand, is looking increasingly difficult to defend.

Tesla's valuation dropped $70 billion on Monday morning after President Trump called CEO Elon Musk a "TRAIN WRECK" over the weekend

Tesla faces rising political risks, subsidy cuts, and margin pressure as growth slows and regulatory headwinds mount. Find out why TSLA stock is a hold.

Tesla shares jumped Wednesday after the EV maker released its quarterly delivery numbers, rebounding from a steep decline the previous session sparked by the feud between CEO Elon Musk and President Trump.

Tesla’s stock tumbled more than 7% on Tuesday, erasing billions in market value from the electric car maker as the rift between CEO Elon Musk and President Donald Trump reignited. The stock closed down $16.95, or 5.3%, to $300.71 per share — a sharp drop from its previous close of $317.66. Shares are down almost 25% this year.

Unlike legacy automakers that sell through dealers, Tesla sells directly to consumers, either online or through its stores. As such, investors will already be aware of Tesla's sales and production volumes before the earnings release.