Brendan Smialowski / AFP via Getty ImagesWall Street expects a loss and weaker revenue, due to the coronavirus pandemic.will yet again fail to post a full-year profit.
However, Tesla beat estimates for Q2 vehicle deliveries, and its business has been expanding in China, so there's a distinct possibility of a beat. The markets have amply rewarded Tesla since last year with a surging share price and market capitalization. At almost $280 billion in total value, the carmaker that sold just about 250,000 vehicles in 2019 is the world's most prized, worth more than Toyota — and more than General Motors, Ford, and Fiat Chrysler Automobiles, combined.
So the Tesla market narrative and the actual business occupy separate realms. The most meaningful connection between the two is that for years, Wall Street demanded that Tesla execute in order to vindicate its elevated share price, and now the company has done just that, getting the Model 3 sedan on track and
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