Tesla quarterly earnings

Tesla is set to report its second-quarter earnings on July 23, 2024, amid concerns of declining automotive gross margins and a possible revenue drop. Analysts expect adjusted earnings of $0.62 per share on revenues of approximately $24.77 billion, reflecting pressure from price cuts and customer fatigue regarding its aging model lineup. Despite these challenges, vehicle deliveries in Q2 increased to 443,956, surpassing expectations and bolstering investor confidence. CEO Elon Musk is anticipated to discuss key initiatives such as the company's robotaxi and AI projects, with a potential delay in the robotaxi unveiling now pushed to October. Investors are closely monitoring these developments, particularly in light of Tesla's largest revenue decline since 2012 reported in Q1. The stock has shown recent positive momentum, trading above $200, with analysts projecting a potential increase in price targets following the earnings report.