With the company coming off two consecutive years of sales declines and the global EV winter tightening its grip, investors will be on the lookout for any hints at potential new models. Earlier this month, Reuters reported that Tesla had revived plans to build a more affordable vehicle.

Tesla reported underwhelming EV sales in the first quarter as the automaker battles an industry-wide slowdown in demand for electric vehicles.

Tesla reported underwhelming EV sales in the first quarter as the automaker battles an industry-wide slowdown in demand for electric vehicles.

With the company coming off two consecutive years of sales declines and the global EV winter tightening its grip, investors will be on the lookout for any hints at potential new models. Earlier this month, Reuters reported that Tesla had revived plans to build a more affordable vehicle.

For now, however, Elon Musk's focus seems to be firmly on Tesla's pivot to AI.

The billionaire announced in Tesla's last earnings that the company would scrap the Model S and X to free up factory space for its Optimus robot. The final few luxury EVs rolled off the production line earlier this month.