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Abstract:Analysts expect Tesla to post a loss for Q2. Analysts also expect Tesla's revenue to rebound on improved Q2 vehicle deliveries.
Analysts expect Tesla to post a loss for Q2.
They also expect Tesla's revenue to rebound on improved Q2 vehicle deliveries.
Wall Street should be looking for insight on demand and some guidance on a Tesla pickup truck.
Visit Business Insider's homepage for more stories.
Tesla reports second-quarter earnings on Wednesday, after the markets close.
Analysts expect a narrowing loss from the prior quarter, something in the $0.40-per-share ballpark. Tesla delivered about 95,000 vehicles in Q1, so analysts also expect topline revenue to recover from Q1's dropoff — back to around $6.5 billion.
Tesla shares are down over 22% year-to-date, but the company has been signaling a second-quarter loss for months, so there shouldn't be any surprises on that front, even if Tesla decided to sell emission credits to mitigate a negative bottom-line result.
Shares are up 15% for the past month, so it's pretty clear that the markets have priced in the loss and are hoping for a big finish to the year, with a swing back to profits in either the third or fourth quarters.
Here are the three big things that Wall Street should be looking at when Tesla releases the numbers on Wednesday and CEO Elon Musk takes analysts' questions on a conference call.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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