Tesla will discuss its Q2 2021 results next week. This will be a great opportunity for analysts and investors to gain insight into the manufacturer's upcoming vehicles, the construction progress of factories, and the impact of chip and parts shortages and rising commodity prices.
Tesla will post its financial results for Q2 2021 after market close on Monday, July 26, 2021. company management will hold a live question and answer webcast that day at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time). One of the important questions that analysts and investors will want to discuss will be the start of production of Semi. They will want to know if Tesla's plan to launch the electric truck in 2021 remains in effect, as they may be concerned about the departure of Jerome Guillen, who was in charge of the project.
Another equally important topic will be the production of Cybertruck, which is expected to begin this year. Although Tesla CEO Elon Musk previously said that it should not be expected to enter mass production this year, even a few batches released will make a huge difference.
Analysts and investors will also be eager to receive information and updates on the company’s new factories under construction in Texas and Germany. While the construction progress of Giga Texas is impressive and appears to be very fast, at Giga Berlin the company is facing a very long approval process.
Market Watch also highlighted several key aspects of what investors can expect from Earnings Call:
Earnings: The consensus estimate from 39 analysts polled by FactSet calls for Tesla to report adjusted earnings of 93 cents a share, which would compare with adjusted earnings of 44 cents a share in the year-ago period. GAAP earnings are seen at 53 cents a share.
Estimize, a crowdsourcing platform that collects estimates from Wall Street analysts, buyers, fund managers, CEOs, academics and others, is expecting an adjusted profit of $1.02 a share.
Revenue: The analysts surveyed by FactSet expect sales of $11.47 billion for Tesla, up from $5.18 billion a year ago. Estimize sees revenue of $11.68 billion for the company.
Stock movement: Tesla shares have underperformed the broader market, down around 8% versus gains of more than 14% for the S&P 500 index. In the past 12 months, however, the stock has nearly doubled, compared with an advance of around 33% for the S&P.
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