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Tesla Reports Earnings as Investors Load Up on Stock

Tesla has had massive sales growth this year, with new vehicle deliveries nearly doubling to a record high in the April to June period.

That growth has come at the cost of steep price cuts: analysts expect profits to rise just 3.4% from a year earlier.

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Factset chart

$1.36 billion

That’s how much Tesla stock individual investors have bought on a net basis in the past five trading sessions, according to Vanda Research.

The inflows into the retail favorite come ahead of Tesla’s quarterly report, scheduled for after the bell today.

Tesla last Tuesday saw its lowest one-day net inflows from individual investors since May, but net buying picked up in subsequent sessions.

Tesla is set to report earnings after the closing bell today. Investors will be closely watching the profitability of Elon Musk’s electric-vehicle maker.

Here’s what analysts expect, according to FactSet:
  • Revenue of $24.2 billion
  • Operating income of $2.7 billion
  • Earnings per share of 80 cents
  • Automotive gross profit margin of 18% to 19%

Analysts will also be paying close attention to Tesla’s automotive gross margin, which is expected to narrow to the lowest level in almost six years.


Image: Tesla