Tesla (TSLA) will announce its second quarter 2020 financial results tomorrow, Wednesday, July 22, after markets close. As usual, a conference call and Q&A with Tesla management are scheduled after the results.
Below, we’ll take a look at what both street investors and retailers expect for the quarterly results.
Tesla Q2 2020 deliveries
As usual, Tesla’s vehicle deliveries generate most of its results, as vehicle sales represent the automaker’s main source of revenue right now.
Tesla has already released its second quarter 2020 numbers confirming that it delivered 90,650 cars and produced ‘more than 82,000 vehicles’ between April and June.
The automaker beat Wall Street expectations, which were low due to the COVID-19 pandemic.
Deliveries were down roughly 5% compared to the same period last year, but it was surprisingly good considering the overall auto industry took a significantly bigger hit.
Tesla Q2 2020 revenue
Wall Street’s consensus revenue for Tesla in the first quarter is $ 5.146 billion, and Estimize, the crowdsourcing website for financial estimates, predicts higher revenue of $ 5.443 billion.
This is less than the $ 5.985 billion that Tesla reported in revenue during the previous quarter due to lower deliveries amid the COVID-19 pandemic.
Predictions for Tesla’s revenue for the past two years: Estimate predictions in blue, Wall Street consensus in gray, actual results in green:
Tesla Q2 2020 earnings
Now, for earnings per share, or rather loss per share, the Wall Street consensus is a loss of $ 0.14 a share for the quarter, while Estimize’s forecast is actually a slight gain of $ 0.19 a share .
It is rare for the two groups to disagree on whether Tesla will post profit or loss.
Earnings per share in the past two years: Estimate predictions in blue, Wall Street consensus in gray, actual results in green:
Other expectations for the TSLA shareholder letter and analyst call
I am surprised that Wall Street does not expect profits, however small.
As we have reported, Elon has said that Tesla was about to break even a few days before the end of the quarter.
Breaking can even mean a small loss or a small gain, but since Elon took time off his schedule in the next few days after the end of the quarter to dive into the short, I’d expect it to mean a profit, even if it’s small, is secured.
But you never know.
As for other things that will be of interest to investors, I look forward to questions about progress at Cybertruck Gigafactory, Gigafactory Berlin and Gigafactory Shanghai.
Investors will also want to know about the current order book and some other programs like the Tesla Semi, as Elon said it was time to move on to volume production.
What interests me most is Tesla Energy. The company has been giving a clear push towards solar energy in the past few months and I would like management to dig deeper into it.
I suppose some questions will revolve around COVID-19 and its impact on Tesla’s operations. I hope the comments are more reasonable than what happened on the last call.
What you think? Let us know in the comment section below.
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