Tesla, Q2
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Tesla's earnings are due today with an investor call at 5:30 p.m. ET. Elon Musk's politics have rocked TSLA stock, with shares down 18% YTD.
Tesla’s second quarter earnings call comes as Elon Musk’s automaker tries to revitalize EV sales and turn its robotaxis into moneymakers.
Analysts expect the Austin, Texas-based company to report quarterly earnings at 40 cents per share, down from 52 cents per share in the year-ago period. Tesla projects to report quarterly revenue at $22.13 billion, compared to $25.5 billion a year earlier, according to data from Benzinga Pro.
ISI Evercore analysts worry Tesla's second-quarter numbers could be "lackluster," then add two more things to the list. Production of the Optimus, Tesla's humanoid robot, is reportedly facing delays.
The Cantor Fitzgerald analyst discusses disappointing deliveries and soft energy revenue, lowering his estimates from $24.1 billion to about $21 billion. That’s a major reset in investor expectations just a couple of days before Tesla opens the books.
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Investors will likely dig into Tesla’s quarterly earnings presentation before CEO Elon Musk speaks during the company’s conference call discussing the results, which is set to begin at 5:30 p.m. Eastern time on Wednesday.
Tesla is slated to report its second quarter earnings after close Wednesday, as the Austin-based electric automaker sees sliding sales and continued
Tesla's sales drop in California highlights ongoing struggles ahead of Q2 earnings call. Wall Street expects revenue of $22.79 billion.
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Amazon S3 on MSNRobotaxi Progress Key to Tesla’s Earnings Call, Says Wall Street Analyst Gary BlackAhead of Tesla's second-quarter earnings call on Tuesday, Black posted on X, forecasting adjusted earnings per share of 39 cents and an automotive gross margin of 13.3% excluding regulatory credits.