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LIVE: Tesla reports earnings

LIVE: Tesla reports earnings

LIVE: Tesla reports earnings Akin Oyedele Aug. 1, 2018, 8:40 PM 0 facebook linkedin twitter email print Tesla CEO Elon MuskRich Pedroncelli / Associated Press Tesla will report its second-quarter earnings after the closing bell on Wednesday.  Analysts forecast an adjusted loss per share of $2.90 on revenue of $3.97 billion, according to Bloomberg. The results…


LIVE: Tesla reports earnings

elon muskTesla CEO Elon MuskRich Pedroncelli / Associated Press

Tesla will report its second-quarter earnings after the closing bell on Wednesday. 

Analysts forecast an adjusted loss per share of $2.90 on revenue of $3.97 billion, according to Bloomberg.

The results are highly anticipated, following an eventful quarter for the electric car and solar panel maker.

Tesla recently pushed back the delivery timelines for new orders of two of three versions of its Model 3 sedan. Investors and analysts will be interested in any updates on the pace of production of the mass-market cars, and whether Tesla may need to raise additional capital even after CEO Elon Musk said otherwise. 

They’ll be looking out for how much cash Tesla is burning to keep up with Model 3 orders. In the first-quarter earnings release, Tesla said it aimed to become profitable and achieve a positive cash flow by the third and fourth quarters.

Analysts and investors will also be paying close attention to the earnings call, after CEO Elon Musk declined to answer several analysts’ questions last quarter and instead engaged with a YouTuber. 

Tesla’s stock is down 3% this year.

This story is developing.

See also:

  • Traders keep finding new ways to bet against Tesla ahead of the company’s hotly anticipated earnings report
  • MORGAN STANLEY: Here are the 7 tech companies most likely to get acquired in the next 12 months
  • GOLDMAN SACHS: Big-money investors are dominating the market with the help of 10 stocks — here’s the list and how they can continue crushing it

Get the latest Tesla stock pricehere.

More: Tesla Earnings Earnings 2018

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