LIVE! Tesla reports earnings ...

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elon musk

Patrick Fallon/Reuters

Tesla CEO Elon Musk.

Tesla is set to report second quarter earnings after the market close on Wednesday, August 5.

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Via Bloomberg, here's an overview of what Wall Street is looking for:

  • Adjusted earnings per share: ($0.59)
  • Revenue: $1.19 billion
  • Vehicle deliveries: 10,000-11,000

Other big numbers to look for are full-year vehicle deliveries, which are expected to total 55,000.

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Business Insider's Matt DeBord has the full rundown here, but as DeBord outlines, this 55,000 vehicle delivery number is really the only thing that matters for Tesla this year.

Year-to-date, Tesla shares are up about 20% and were trading near $270 a share ahead of the market close on Wednesday.

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Via Bloomberg, here are 2 other things to keep in mind ahead of the report:

  • Tesla shares have risen following 7 of the company's last 12 earnings reports.
  • Tesla has beat or matched Wall Street earning expectations in 10 of the last 12 quarters.

We'll be back with the full rundown when the numbers drop.