LIVE! Tesla reports earnings ...


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.


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.


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.