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2024

Tesla earnings call live updates: Elon Musk's EV maker to report quarterly earnings today after market close

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Tesla's second-quarter earnings results will be reported Tuesday after the closing bell.
  • Tesla is set to report second-quarter earnings after the closing bell on Tuesday.
  • Wall Street is more bullish after Tesla reported better-than-expected deliveries for the second quarter.
  • Analysts are looking for updates on Tesla's AI and autonomous driving initiatives.

Tesla investors are eagerly awaiting the company's second-quarter results as they look for signs that the strongest headwinds have passed after a tough start to the year.

The carmaker is set to report financials for the second quarter on Tuesday after the closing bell.

Though Tesla stock has been on a steep slide in the first half of the year, analysts are feeling more bullish on the company's trajectory, with vehicle deliveries recently coming in above expected and Elon Musk putting the legal drama surrounding his pay package to bed.

Investors are also keeping an eye on the company's key initiatives, like its autonomous Robotaxi, its full self-driving technology, and a low-cost Tesla vehicle in the works.

Tesla's consensus second-quarter adjusted EPS estimate is $0.60

Second quarter

  • Adjusted EPS estimate: $0.60
  • EPS estimate: $0.49
  • Automotive gross margin estimate: 17.9%
  • Revenue estimate: $24.63 billion
  • Free cash flow estimate: $1.92 billion
  • Gross margin estimate: 17.4%
  • Capital expenditure estimate: $2.54 billion
  • Cash and cash equivalents estimate: $20.58 billion
  • Operating income estimate: $1.81 billion

Third quarter

  • Automotive gross margin estimate: 17.8%

Full-year 2024

  • Deliveries estimate: 1.8 million
  • Automotive gross margin estimate: 18%
  • Capital expenditure estimate: $10.31 billion
  • Production estimate: 1.67 million

Source: Bloomberg data

Read the original article on Business Insider