Tesla reports earnings after the Closing Bell Wednesday. Wall Street expects about $3.28 Billion in quarterly revenue, and earnings per share loss of $3.12. The report comes on the heels of a major milestone for Elon Musk's other company SpaceX. CFRA Research's Efraim Levy shares what he is watching for in this report.
"The number one thing we are looking at is an update for the production of the Model 3," says Levy. "That's what all the profits are riding on at this point."
Unless results are dramatic, Levy expects the bulls and bears to dig into this stock wherever they are.