Gary Zhou 
- 🚗 Analysts forecast Tesla’s revenue for Q2 2024 will be between $24 and $25 billion, with earnings per share between $0.61 and $0.62.
- 📅 Tesla’s Q2 2024 earnings call is scheduled for Tuesday, July 23, 2024, at 4:30 p.m. Central Time.
- 🛤️ Top investor questions include updates on the Roadster, Robotaxi, 4680 battery cell production, and Dojo.
- ⚡ Investors are interested in the growth of Tesla Energy and plans for CyberSUV or CyberVan.
- 📈 Investors are eager for updates on Giga Mexico’s timeline and Tesla’s negotiations to license technologies.
- 🚀 The Robotaxi event delay was confirmed by Elon Musk due to design change requirements.
- 🔋 New climate settings, dry electrode 4680 battery cells, and range-saving app changes are recent updates from Tesla.
As we approach Tesla’s much-anticipated Q2 2024 earnings call, set for July 23, 2024, investors and analysts alike are buzzing with questions and expectations. This quarterly event, pivotal for gauging Tesla’s financial health and future plans, promises to provide deeper insights into the company’s progress and upcoming ventures.
Analysts’ Revenue and Earnings Forecast
Tesla is expected to report revenue between $24 and $25 billion for Q2 2024. Analysts also forecast earnings per share (EPS) to be between $0.61 and $0.62. These figures align closely with Q2 2023 results, indicating a stable revenue stream despite the volatile market conditions and growth dynamics in the electric vehicle (EV) sector.
Earnings Call Schedule
Mark your calendars! Tesla will hold its Q2 2024 earnings call on Tuesday, July 23, 2024, at 4:30 p.m. Central Time. This call is a crucial event where Tesla’s leadership will address investor inquiries, provide detailed performance metrics, and hint at future strategies.
Top Investor Questions
Several pressing questions have been voted by Tesla investors to be addressed in the upcoming earnings call. These questions reflect the broader concerns and interests of the investor community.
1. Roadster and Robotaxi Updates
Status of the Roadster: Investors are eager to know when they can expect updates or a potential release date for the next-generation Roadster.
Robotaxi: Several questions pertain to the Robotaxi initiative, particularly the timeline for its first operational ride and the implications of the recent event delay.
2. 4680 Battery Cell Production
One of the pivotal points of interest is the current status and ramp-up of the 4680 battery cell production. Investors are keen to understand the challenges and milestones associated with this game-changing technology.
3. Dojo and Tesla Energy
Dojo: Any updates on Dojo, Tesla’s supercomputer project, will be closely watched. This is expected to play a significant role in Tesla’s autonomous driving ambitions.
Tesla Energy: Investors are also looking for insight into the growth trajectory of Tesla Energy, particularly concerning the rapid deployment of gigawatt-hours (GWh).
4. Cyber Vehicle Line-up
The Cybertruck has captured the imagination of many, and investors want to know if Tesla has plans to expand this line-up to include potential CyberSUVs or CyberVans, which could diversify the product portfolio and capture more market segments.
5. Giga Mexico and Licensing Talks
Giga Mexico: There’s a lot of curiosity surrounding the updated timeline for Giga Mexico and the primary vehicles that will be produced there initially.
Licensing Technologies: The nature and progress of discussions with Original Equipment Manufacturers (OEMs) to license Tesla’s Full Self-Driving (FSD) technology are also high on the agenda.
Robotaxi Event Delay
Elon Musk recently confirmed rumors about delaying the Robotaxi event, originally set for August 8, 2024. The delay was attributed to necessary design changes to the front of the Robotaxi, now termed the Tesla Cybercab. While this may be a disappointment for some, it highlights Tesla’s commitment to innovation and quality.
Recent Updates from Tesla
Tesla has rolled out several updates and changes recently that should not be overlooked:
- Climate Settings: Tesla has quietly introduced three new climate settings, including one specifically designed to improve phone call quality.
- Dry Electrode 4680 Battery Cells: Tesla plans to ship these advanced battery cells by the end of 2024, according to reports.
- Range-Saving App Changes: Improvements to Tesla’s app now provide functionalities aimed at optimizing your EV’s range.
Conclusion
As anticipation builds for Tesla’s Q2 2024 earnings call, the conversation is centered around financial forecasts, product updates, and strategic developments. The insights and answers provided during this session will significantly influence investor sentiment and shape Tesla’s trajectory in the coming quarters. Stay tuned to see how Tesla continues to innovate and lead in the EV market.
