Tesla, Inc. (NASDAQ:TSLA) is set to announce second quarter earning results on Wednesday 22nd July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TSLA to report 2Q20 loss of $ 0.11 per share.
For the full year, analysts anticipate top line of $ 27831.00 million, while looking forward to income of $ 5.09 per share bottom line.
Previous Quarter Performance
Tesla, Inc. disclosed income for the first quarter of $ 1.14 per share, from the revenue of $ 5,985.00 million. The quarterly revenues up 31.79 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.36 per share from $ 5901.86 million in revenue. The bottom line results beat street analysts by $ 1.5 or 416.67 percent, at the same time, top line results outshined analysts by $ 83.14 million or 1.41 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TSLA was $ 1568.36, representing a 643.30 % increase from the 52 week low of $ 211.00 and a 12.63 % decrease over the 52 week high of $ 1794.99.
The company has a market capital of $ 290.89 billion and is part of the Consumer Cyclical sector and Auto Manufacturers industry.
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Recent Analyst recommendations
On 13th July 2020, upgraded by Roth Capital to Neutral from Sell rating, with $ 750.00 target price.
On 7th July 2020, maintained by Morgan Stanley at Underweight rating, with $ 740.00 target price.
On 12th June 2020, downgraded by Morgan Stanley to Underweight from Equal-Weight rating, with $ 650.00 target price.
On 12th June 2020, downgraded by Goldman Sachs Group to Neutral from Buy rating.
Conference Call
Tesla, Inc. will be hosting a conference call at 5:30 PM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tesla.com
Tesla, Inc. designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage.
