Brokerage JPMorgan expects EV giant Tesla Inc. (TSLA) to report second-quarter deliveries below the consensus estimate while noting that the softer demand for Tesla vehicles evident in Q1 results appears to have continued into Q2.

Tesla is expected to report another tough quarter when it comes to EV deliveries. Investors are hoping the bigger story remains its burgeoning robotaxi tests.

Tesla’s highly anticipated robotaxi launch failed to move the market, with shares rising just 0.5% for the week as investors shift their focus