Tesla reports earnings after the bell. Here's what Wall Street has to say

Investors will be keeping a close eye on Tesla 's second-quarter results due postmarket Tuesday amid an intensely competitive electric vehicle market. Analysts expect Tesla to post 62 cents in earnings per share on $24.77 billion in revenue. Although the revenue estimate is slightly higher than the $21.30 billion Tesla posted in the first quarter, the earnings forecast is 30% below the previous year.

mountain Tesla shares in 2024 With the delay of the Robotaxi, the upcoming earnings are a "significantly more actionable near-term catalyst," Guggenheim analyst Ronald Jewsikow wrote in a note earlier this month. Guggenheim rates Tesla a sell with a 12-month price target of $134, implying the shares will plunge more than 46% from Monday's close.

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Stock market today: Wall Street hits more records as Tesla zoomsA big gain for Tesla helped drive Wall Street to more records.
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