Tesla reports second-quarter earnings on Tuesday and investors want a robotaxi update
Tesla will report second-quarter earnings after the bell on Tuesday. The company's vehicle deliveries report on July 2 was better than analysts feared, but still represented a decline from the previous year.
The earnings call on Tuesday will give investors a better understanding of what CEO Elon Musk and company are doing to return to growth after reporting the biggest revenue decline since 2012 during the first quarter.
Some institutional investors will focus on the health of Tesla's automotive gross margins and the company's operating expenses after it implemented sweeping layoffs and offered price cuts and other incentives to drive EV sales.
Retail investors who submitted questions via the Say Technologies platform ahead of time are hoping for answers about the company's delayed plan to unveil its CyberCab, a "dedicated robotaxi" and its progress on self-driving technology in general.
According to LSEG, as of Monday, analysts were expecting Tesla to report 62 cents per share in adjusted earnings on revenue of $24.77 billion for the period ending June 30, 2024.
Retail investors who submitted questions via the Say Technologies platform ahead of time are hoping for answers about the company's delayed plan to unveil its CyberCab, a "dedicated robotaxi" and its progress on self-driving technology. They're also seeking details about Tesla's near-term priorities; the outlook for its rapidly growing battery energy storage business; the status of a new factory it promised to build in Monterrey, Mexico; and more.
In light of Musk's recent endorsement of former President Donald Trump, and the CEO becoming a Republican megadonor this presidential election cycle, Tesla shareholders also submitted political questions ahead of the call.
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