Unlike GM and Ford, which are trading at earnings multiples of 5.5x and 6.8x, respectively, Tesla is trading at sky-high valuations as a consequence of its potential. Tesla longs expect that earnings and cash flow will manifest at some point to justify the valuation. Tesla’s EPS figure will largely depend on deliveries, operating expenses, and how much of a dilutive impact its recent equity raise happened to be. Investors are less sensitive to the earnings number, but will expect to see revenue hit a certain number to ascertain whether demand for the vehicles is at least hitting expectations.Tesla’s Q1 earnings will be released on Wednesday, May 3 after hours.Tesla finished after-hours trading on April 21 at $306.67 per share. To come in below $300, that would represent a 2.2% drop.Will Tesla drop below $300 at the end of after-hours trading on May 3?Agree – Tesla will fall below $300 at the end of after-hours trading on May 3.Disagree – Tesla will remain above $300 by this time and date. ==For non-members, sign-up is free and easy through StockTwits, Twitter, LinkedIn, Facebook, or email.