June 24, 2024

Tesla Earnings History, Prospects, Dividends, Projections

  • Tesla is a closely watched company.
  • Tesla’s Q2 2023 earnings will be reported on July 19 after the markets close.
  • Analysts raised the price target for Tesla ahead of earnings.

Information about Tesla’s finances is released on a quarterly basis, with Tesla CEO Elon Musk reporting progress to shareholders during earnings calls — and investors often have tough questions in doing so.

Here’s a quick guide to Tesla’s recent and upcoming earnings.

When will Tesla release Q2 2023 earnings?

The company is expected to post Q2 2023 earnings after the market closes on July 19, 2023, according to Tesla’s website.

Tesla will release information on net income and cash flow, as well as other financial information. The company has already released Q2 2023 production and delivery information.

It produced 479,700 cars and delivered 466,140, ​​an increase from the first quarter of 2023 for both categories. Deliveries are the closest figure to sales reported by Tesla.

While the majority of Tesla’s revenue comes from EV sales, revenue also comes from the paid use of Superchargers, the sale of regulatory credits to other car manufacturers, and automotive leasing.

Tesla analyst Philippe Houchois de Jeffries raised his stake price target for Tesla from $185 to $265 ahead of the upcoming earnings call.

What are Tesla’s earnings in the first quarter of 2023?

Tesla’s previous earnings call took place in April 2023.

While reporting on Q1 2023 results, Elon Musk was grilled about Tesla’s price cuts during the call and received more than half a dozen questions on the topic. Before the call, Tesla dropped the price of the Model Y All-Wheel Drive by $3,000, among other cuts.

Analysts said Concerns over Tesla’s margin Investors were on edge after Q1 earnings were released.

Tesla’s earnings history

In January, Musk used Tesla’s earnings call to brag about his popularity on Twitter.

In response to an investor’s question about what Tesla is doing to mitigate brand damage resulting from the run Musk’s political commentary on Twitter, Musk responded:

“Let me check my Twitter account. Okay, so I have 127 million followers, and it continues to grow very quickly. That indicates that I’m reasonably popular. Now, maybe not popular me by some people, but for the vast majority of people, my fans speak for themselves.”

Anticipation was high for the January call, where Q4 2022 earnings were reported.

“After the past few years of unprecedented hyper growth in the EV market essentially created by Musk, now Tesla faces a darker macro in 2023 with intense competition coming from all angles,” said Wedbush analyst Dan Ives in a note in the days. from up to the Q4 2022 earnings report.

Tesla ended up beating Wall Street expectations, and Tesla stock price climbed 11% the day after earnings.

Tesla (TSLA) does not pay a dividend.

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