Tesla is expected to report its first-quarter earnings after market close on Tuesday, April 23, with a significant downturn, marking a 40% plunge in operating profit and the first revenue decline in four years. This period is anticipated as the worst performance for the company in seven years, driven by tepid car sales and high market expectations. The company, under Elon Musk's leadership, has initiated its largest layoffs ever, focusing future strategies on the development of robotaxis and other innovations like the Cybertruck. Additionally, Tesla plans to introduce more affordable vehicles by mid-2025 to boost market presence, amid a backdrop of short interest reaching a three-year high.