Tesla is expected to announce second-quarter results after the bell on Wednesday, three weeks after reporting a 25% year-over-year increase in vehicle deliveries.
Here’s what Wall Street expects, according to estimates from analysts polled by LSEG:
- Earnings per share: Expected 51 cents
- Net worth: Expected $25.71 billion
Tesla’s earnings report comes amid a sharp decline in the stock price, which is down nearly 10% this month and 16% for the year. That slide has been accompanied by a decline SpaceXElon Musk’s other trillion-dollar company, which hit an initial market record in June and has lost nearly 40% of its value since closing.
For Tesla, the dip comes despite signs of a rebound in its core auto business. In early July, the company reported deliveries of 480,000 vehicles, which exceeded analysts’ expectations.
Tesla is struggling to recover from consecutive years of declining deliveries, largely due to competition from Chinese automakers, including BYD, Nio and Xiaomi, which offer low-cost but high-tech EVs in markets outside the U.S. Some car buyers have boycotted Tesla because of Musk’s fiery political rhetoric and cooperation with the Trump administration.
Rising fuel prices caused by the US war on Iran boosted Tesla’s sales in the first half of the year, with European car buyers buying more EVs.
In the second quarter, Tesla began selling less expensive versions of its Model 3 and Model Y cars, and made its premium driver assistance program, marketed as Full Self-Driving (Supervised) in the US, available in some European markets.
But Musk has shifted the company’s focus from car sales to its self-driving Robotaxi service, halted production of the company’s self-driving Cybercab, and retooled lines at an aging factory in Fremont, California, to begin producing Optimus humanoid robots. He promised shareholders and fans an AI-powered robot that would be able to step in as a babysitter, factory worker or world-class surgeon.
“I think Optimus is going to be our biggest product, not just Tesla’s biggest product, but probably the biggest product ever,” Musk said on the company’s last earnings call in April.
Paul Miller, an analyst at Forrester, told CNBC in an email that Tesla’s leadership has made “a lot of big claims about autonomous driving and AI for the body over the years,” but missed “bold bets.”
Musk told investors in 2019 that there would be 1 million Tesla robotaxis on the road by 2020. Last year, he said the company’s private ride-hailing services would cover “nearly half of the US population” by the end of 2025. And at the World Economic Forum in Davos earlier this year, Muskvetaxis said Muskboxis will be widely distributed at home. by the end of this year, a distant target.
In robotaxis, Tesla is far behind Letters of the alphabet He was in the US once Baidu’s Apollo Go to China. And in the humanoid robot market, where Tesla is still developing its product, the company faces competition from companies including China’s Unitree, Boston Dynamics, Agility Robotics, Apptronik and London-based startup Humanoid.
On Wednesday’s conference call, investors will be looking for updates on robotics and driverless technology, and how Musk expects Tesla and SpaceX to work together, including Terafab, a major chip factory the companies plan to co-build and work with. Intel in Texas.
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