'Margins, margins, margins': What Wall Street is looking for in Tesla's 2nd-quarter earnings - Autoblog

Tesla delivered a record 466,000 vehicles in the second quarter,

well ahead of Wall Street estimates of 447,000. The strong deliveries should translate to solid revenues for Tesla. "As we have discussed the aggressive price cuts were a near-term pain for long-term gain strategic move for Tesla to put an iron fence around its installed base and gain new EV customers by cutting prices in a choppy macro backdrop. So far this has been a home run strategy," Ives said.$24.5 billion in revenue for the quarter, along with earnings per share of $0.82, according to data from Yahoo Finance.

Ives expects Tesla's gross margin to drop to 17.5% in the second quarter, which would be a decline from 19.3% in prior quarter and its lowest level since 2019. But after that, he expects margins to rebound back to 20% heading into 2024 as demand for its vehicles should remain strong.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Here's what Wall Street is looking for in Tesla's 2nd-quarter earnings'Margins, margins, margins': Here's what Wall Street is looking for in Tesla's 2nd-quarter earnings
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Tesla earnings: What to expect from the Cybertruck makerTesla earnings arrive Wednesday amid a rally for Tesla stock and Cybertruck's arrival.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Wall St kicks off week higher as investors await more earnings By Reuters⚠️BREAKING: *U.S. STOCKS EDGE HIGHER TO START THE WEEK AS INVESTORS AWAIT MORE EARNINGS $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Netflix Earnings Preview: Bullish Wall Street Expects Progress on Password-Sharing Crackdown, Ad TierMacquarie speaks of a 'potentially momentous' quarterly update, while peers predict signs of accelerating growth in the second half of the year.
Herkunft: THR - 🏆 411. / 53 Weiterlesen »