The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.
Tesla reported a surprise rise in revenue for second quarter as it handed over more electric vehicles than analysts had expected, helped by price cuts and incentives.
Tesla Inc TSLA is set to release its second-quarter earnings after market close this Tuesday. This follows a tough first quarter for Tesla, with its largest revenue decline since 2012.
Traders in the options market expect Tesla shares to swing by nearly 10% in either direction by Friday, options data showed.
Tesla is scheduled to report earnings after Tuesday's close. The stock hit a record high of $414.50/share in 2021 and is currently trading near $250.
Tesla reports second-quarter financial results after the bell on Tuesday. According to estimates compiled by LSEG, analysts are expecting earnings per share of 62 cents on sales of $24.77 billion.
Tesla, Inc. TSLA will release its financial results for the second quarter, after the closing bell on Tuesday, July 23.
The electric vehicle market has taken off in recent years, especially after the introduction of several governmental regulations.
Lower expected interest rates will likely be a bullish catalyst for Tesla into 2025. However, investors should watch Tesla's EPS report closely to get more confirmation that the stock has turned the corner.
Earnings are critical as the EV market gets more competitive and Tesla's margins fall.
Shares of Tesla, Inc. TSLA rose in premarket trading on Tuesday as the electric vehicle maker gears up to unveil its second-quarter earnings.
Ahead of the Tesla (NASDAQ: TSLA) earnings report scheduled for July 23, for the second quarter, much of the attention is focused on how the stock might react.