Tesla Is Set to Report Earnings
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Tesla will release its second quarter earnings on its website after U.S. markets close on Wednesday at 4:00 p.m. ET (2000 GMT). Company executives, including Musk, will hold a live Q&A webcast at 5:30 p.m. ET (2130 GMT). The automaker has invited retail investors to submit and upvote questions online.
Tesla Inc.’s core car-making business is facing a deteriorating outlook, providing a major test of Chief Executive Officer Elon Musk’s ability to lift the stock price with his vision of a self-driving future.
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Earnings season rolls on this week, with the first two of the Magnificent Seven tech names to report, Tesla and Google parent Alphabet. New economic data will shed more light on how tariffs are affecting consumer and business spending,
Tesla is likely to post its biggest drop in quarterly revenue in more than a decade on Wednesday, as the EV maker grapples with issues including increased competition, a lack of new models and consumer backlash against CEO Elon Musk.
There isn’t much of a consensus among Wall Street analysts heading into Tesla’s second-quarter earnings report. Long-time investors of Tesla know that isn’t a surprise: Tesla is always a controversial stock.
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A key driver of Tesla's profit is disappearing fast as the U.S. government changes policies on an environmental asset known as regulatory credits.
Stock futures are higher Wednesday as investors welcome news that the U.S. reached a trade agreement with Japan and prepare for the release of quarterly results from major technology companies.