Tesla to post best quarter ever

(CNN)– Tesla is about to announce some good news, but the optimism might be fleeting.

Analysts say the auto company is set to report adjusted earnings of roughly 1.9 billion Wednesday afternoon, October 22.

That result is caused by record-setting sales of Tesla vehicles in the quarter.

However it’s down from the 2.5 billion it brought in last year.

Tesla has also lost major sources of income after the EV tax credit and the sale of regulatory credits were eliminated by the Trump Administration.