LIVE BLOG: Tesla (TSLA) Q2 2020 earnings call summary

Tesla’s (NASDAQ:TSLA) second-quarter earnings call comes on the heels of an impressive quarter that saw the electric car maker posting $6.036 billion in revenue and a $451 million non-GAAP net income, beating Wall Street’s estimates. As revealed in the company’s Q2 2020 Update Letter, Tesla currently sits on $8.6 billion in cash. The Tesla Model Y […]

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Tesla $TSLA Q2 2020 results: Recurring profit, beats Wall St. as business matures, S&P 500 in focus

Tesla’s (NASDAQ:TSLA) second-quarter earnings for 2020 saw the electric car maker post $6.036 billion in revenue, beating/meeting/falling short of estimates from Wall Street. The results, which were discussed at length in an Update Letter, were released after the closing bell on Wednesday, July 22. Tesla’s second quarter was hit by the pandemic. Yet despite the […]

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Tesla’s record-valuation is based on lack of “real competition,” researcher says

Tesla (NASDAQ: TSLA) will see a shift in valuation when competing automakers with “know-how” come to the forefront with comparable electric models, Anna-Marie Baisden of Fitch Solutions said. Baisden, head of Automotive Research for Fitch, appeared on CNBC’s Street Signs on Wednesday morning ahead of Tesla’s Q2 2020 Earnings Call. The researcher said that Tesla’s valuation as […]

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Tesla (TSLA) Q2 2020 earnings call: Top 4 things to watch out for

Tesla (NASDAQ: TSLA) will report its Q2 2020 performance in an Earnings Call on Wednesday, June 22, 2020. Ahead of the call, investors and supporters of the electric automaker will be waiting to see if the company will turn its fourth straight profit, which would be a company record. However, four things could ultimately affect […]

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Tesla (TSLA) Q2 2020 earnings results: What Wall Street expects

Tesla (NASDAQ:TSLA) is poised to hold its second quarter earnings call tomorrow, July 22, 2020 after the markets close. Stakes are high for the electric car maker, especially since the company is coming off three straight quarters of profitability. If Tesla pulls a rabbit out of the hat tomorrow and posts even a little bit […]

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Tesla shares surge nearly 10% as trade volume skyrockets ahead of Q2 earnings

Tesla (NASDAQ: TSLA) stock surged 9.47% on Monday after a bullish day on Wall Street as trading volume was nearly 20% higher ahead of the company’s Q2 2020 Earnings Call on Wednesday. Tesla’s trading volume was at 17,121,367 on Monday, which was about 2.5 million trades higher than the company’s average daily volume of 14,461,131. […]

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Tesla bears yearn for China dam collapse to ‘take out’ Giga Shanghai — but there’s a catch

Tesla (NASDAQ:TSLA) may be carrying a lot of momentum this week as it heads towards what could very well be its most important second quarter earnings report to date, but the company still attracts a notable number of passionate critics. Among these critics is the TSLAQ group, which includes short sellers who are looking to […]

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Tesla could still qualify for S&P 500 even if it misses Q2 2020 profit: report

It appears that Tesla (NASDAQ:TSLA) may receive some consideration from the S&P 500’s committee as the electric car maker attempts to qualify for the index with its upcoming Q2 2020 earnings results. According to a recent report from Bloomberg Intelligence, Tesla may still be included in the S&P 500 even if it doesn’t post a second […]

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Tesla (TSLA) stock under pressure as pandemic slows CA momentum

Tesla (NASDAQ: TSLA) recorded weak vehicle registrations in California in the second quarter of 2020. However, while it is alarming considering California is one of the electric automaker’s most robust markets, there is no reason for TSLA short-sellers to get excited. There was a pandemic that was affecting the Golden State, and it undoubtedly impacted […]

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Former Tesla short seller warns his TSLAQ peers: ‘I wouldn’t do that’

Tesla stock (NASDAQ:TSLA) may have seemingly leveled out in recent days, but a longtime critic of CEO Elon Musk still thinks that it’s too risky to bet against the electric car maker. In recent comments, noted Tesla bear Carson Block admitted that he is no longer shorting TSLA, simply because it is far too dangerous […]

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