Tesla Reports Q2 Earnings As Investors Focus On Profit Margins

Tesla (TSLA) reports second-quarter earnings today after US markets close, with Wall Street watching profit more closely than deliveries. Analyst estimates for EPS cluster between $0.50 and $0.55, above the $0.41 Tesla earned in the first quarter, while revenue forecasts range from about $25.7 billion to $27.6 billion, according to BeInCrypto, and the stock is down over 17% year to date. Tesla already disclosed Q2 deliveries of 480,126 vehicles, but investors will focus on automotive margin ex-regulatory credits, seen slipping to around 18.1% from 19.2% in the first quarter, plus updates on Cybercab, Full Self-Driving and AI spending.