Tesla to release second quarter results on July 22


Tesla Inc. TSLA,
+ 0.93%
will release its second quarter results after the market closes on July 22, the company announced on Thursday. A call to analysts will follow at 5:30 p.m. Eastern time. Analysts polled by FactSet expect Tesla to report an adjusted loss of 58 cents per share on sales of $ 4.8 billion, which would compare to an adjusted loss of $ 1.12 per share on sales $ 6.4 billion for the same period in 2019, the last quarter of losses for Tesla as the company released GAAP and adjusted earnings for the next three quarters. Tesla shares fell slightly Thursday after a record close of $ 1,389.86 on Tuesday. The company announced better-than-expected second-quarter deliveries earlier this month, despite the closure of its only car manufacturing plant in the United States for most of the quarter due to closures to curb the spread of coronavirus.


Please enter your comment!
Please enter your name here