Finance
Tesla earnings, Q2 2018 – Business Insider
Tesla CEO Elon MuskRich Pedroncelli / Associated Press
Tesla will report its second-quarter earnings after the closing bell on Wednesday.
Analysts forecast an adjusted loss per share of $2.90 on revenue of $3.97 billion, according to Bloomberg.
The results are highly anticipated, following an eventful quarter for the electric car and solar panel maker.
Tesla recently pushed back the delivery timelines for new orders of two of three versions of its Model 3 sedan. Investors and analysts will be interested in any updates on the pace of production of the mass-market cars, and whether Tesla may need to raise additional capital even after CEO Elon Musk said otherwise.
They’ll be looking out for how much cash Tesla is burning to keep up with Model 3 orders. In the first-quarter earnings release, Tesla said it aimed to become profitable and achieve a positive cash flow by the third and fourth quarters.
Analysts and investors will also be paying close attention to the earnings call, after CEO Elon Musk declined to answer several “boring” analysts questions last quarter, and instead engaged extensively with a YouTuber.
Tesla’s stock is down 3% this year.
See also:
Get the latest Tesla stock price here.
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