Tesla shareholders really want the company to release new vehicles. An investor Q&A for Tesla's earnings saw them clamor for details about the automaker's next car.
Tesla's Cybertruck appears to be making some progress when it comes to sales. The electric vehicle maker is poised to release its second-quarter results later Tuesday.
The electric vehicle (EV) market is in its transitional period. New companies are entering the market, competition is getting fiercer every day, and the market is no longer dominated by a single powerhouse like Tesla (NASDAQ: TSLA ).
Tesla's (NASDAQ: TSLA) stock has had a strong performance over the recent period, bolstered by a beat on sales and general Wall Street optimism as the Q2 earnings report is scheduled for July 23 after the markets close.
Tesla Inc (NASDAQ:TSLA) boss Elon Musk has stated that his electric vehicle giant will begin using bi-pedal ‘Optimus' robots in its factories from as early as next year. “Tesla will have genuinely useful humanoid robots in low production for Tesla internal use next year and, hopefully, high production for other companies in 2026,” he said in a reply to user Rom Altman.
Since my previous assessment, Tesla stock has rallied from $160 to $250 per share within three months. Tesla's Q2 delivery outperformance, Elon Musk's victory on his compensation package vote, and robotaxi hype have catalyzed a wild earnings multiple expansion in the EV giant's stock. However, rubber is about to meet the road as Tesla reports Q2 2024 numbers in today's after-hours session.
Major U.S. equities indexes gained ground on Monday, bouncing back from last week's tech selloff, though the consequences of last week's technology disruptions persisted.
Second quarter results from the major automakers will be a highlight of this week's earnings lineup with Tesla TSLA and General Motors GM set to report on Tuesday, July 23.
Tesla (TSLA) shares gained over 5% Monday, ahead of the electric vehicle (EV) maker's earnings report Tuesday, as CEO Elon Musk said the company will have humanoid robots in production for internal use in 2025.
For the second quarter of 2024, Tesla (NASDAQ: TSLA ) holds solid recent vehicle production and delivery figures. The production data shows a high performance and stability against market and macro challenges.
Elon Musk has hinted on his social media platform X that Tesla's humanoid robots could be deployed in its factories during the next year.
Tesla is set to report second-quarter earnings after the bell on Tuesday. The EV maker reported its biggest revenue decline since 2012 during the first quarter and deliveries that were better than feared, but still lower than the same period last year for the second-quarter.