Tesla Q2 Earnings Preview: Analyst Estimates, Key Items To Watch, Can 'Major Turning Point' In Bull Case Continue?
Portfolio Pulse from Chris Katje
Tesla Inc. (NASDAQ: TSLA) is set to report its Q2 earnings, with analysts expecting revenue of $24.93 billion and earnings per share of 62 cents. The company has missed revenue and earnings estimates for three consecutive quarters. Analysts are mixed on Tesla, with some focusing on its energy segment and others on vehicle deliveries. Key items to watch include updates on the Cybertruck, energy storage, and AI initiatives. Tesla shares are up 5% to $251.73 ahead of the earnings report.
July 22, 2024 | 7:25 pm
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Tesla is expected to report Q2 revenue of $24.93 billion and earnings per share of 62 cents. The company has missed estimates for three consecutive quarters. Analysts are mixed, with some focusing on the energy segment and others on vehicle deliveries. Key items to watch include updates on the Cybertruck, energy storage, and AI initiatives.
Tesla's Q2 earnings report is highly anticipated, with analysts focusing on both vehicle and non-vehicle segments. The company's energy storage and AI initiatives are seen as potential growth drivers. Despite missing estimates in the past, the stock is up 5%, indicating positive investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100