Tesla Inc. is scheduled to report second-quarter earnings after the bell next Wednesday, with all eyes on the EV maker's sales amid expectations that it...
Tesla Inc. is slated to report second-quarter earnings after the bell next Wednesday, with all eyes on the EV maker’s sales and the expectation it could be another blowout quarter for the company.
Tesla TSLA reported second-quarter deliveries of 466,000 vehicles earlier this month, well above Wall Street expectations. “We see further upside in the shares over the next 12 months and believe the likelihood of the company hitting its production target of 1.8 million units is now a likely more than ever,” based on first-half results to date, Selesky said.
Another positive is Tesla’s falling debt level, said Brian Mulberry, a portfolio manager with Zacks Investment Management. As of March, Tesla’s net long-term debt and finance leases totaled $1.27 billion, down from $1.6 billion at the end of 2022, Mulberry said. Tesla is fresh from inking deals with several auto makers, including Ford Motor Co. F and General Motors Co. GM , in which the Supercharger network, clusters of Tesla’s fast-charging ports usually off major highways, will be open to the other companies’ EV owners.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla's robot 'Optimus' arrives in a Tesla Store in New YorkTesla’s first Optimus robot displays have arrived in stores in North America. You can check the Tesla Bot in New York City right now.
Read more »
Restaurateurs fume over ominous new fee billed to customers by Toast Inc.Toast Inc., a powerful cloud-based third-party point-of-sale vendor used by over 85,000 restaurants, is adding a 99-cent “processing fee” to online orders of $10 or more.
Read more »
Tesla Thinks Displaying Optimus Robot In Stores Could Help Increase Car Sales | CarscoopsTesla hopes that display units of its humanoid robot will increase foot traffic to its stores car auto cars
Read more »
Chicago weather: Strong to severe storms possible Tuesday, WednesdayEnjoy the pleasant weather while it lasts, because showers and storms are expected throughout the week and into the upcoming weekend.
Read more »
Chicago First Alert Weather: Afternoon showers Tuesday, stronger storms WednesdayRain is on the way.
Read more »