Tesla Earnings History, Expectations, Dividends, Projections

  • Tesla is a closely watched company.
  • Tesla Q2 2023 earnings will be reported July 19 after markets close.
  • An analyst raised the price target for Tesla ahead of earnings.

Information about Tesla’s financials is released on a quarterly basis, with Tesla CEO Elon Musk reporting progress to shareholders during earnings calls — and often facing tough questions from investors while doing so.

Here’s a quick guide to recent and upcoming earnings from Tesla.

When will Tesla release Q2 earnings 2023? 

The company is expected to post Q2 2023 earnings after market close on July 19, 2023, according to the Tesla website.

Tesla will release information on net income and cash flow, as well as other financials. The company has already released  Q2 2023 production and delivery information.

It produced 479,700 cars and delivered 466,140, up from the first quarter of 2023 for both categories. Deliveries are the closest figure to sales that Tesla reports.

Though the majority of Tesla revenue comes from EV sales, revenues also come from paid use of Superchargers, the sale of regulatory credits to other automotive manufacturers, and automotive leasing.

Tesla analyst Philippe Houchois of Jeffries raised his price target for Tesla from $185 to $265 ahead of the upcoming earnings call. 

What were Tesla earnings Q1 2023? 

Tesla’s previous earnings call happened in April 2023. 

While reporting on Q1 2023 results, Elon Musk was grilled on Tesla’s price cuts during the call and received more than a half dozen questions on the topic. Ahead of the call, Tesla had reduced the price of the Model Y All-Wheel Drive by $3,000, among other cuts.

Analysts said Tesla margin concerns were at top of mind for investors after the release of Q1 earnings. 

Tesla earnings history

In January, Musk used the Tesla earnings call to brag about his Twitter popularity

In response to an investor question about what Tesla is doing to mitigate brand damage resulting from the running Musk political commentary on Twitter, Musk replied:

“Let me check my Twitter account. OK, so I’ve got 127 million followers, and it continues to grow very rapidly. That suggests that I’m reasonably popular. Now, I might not be popular with some people, but for the vast majority of people, my follower count speaks for itself.” 

Anticipation was high for the January call, where Q4 2022 earnings were reported.

“After experiencing unprecedented hyper growth over the past few years in the EV market which was essentially created by Musk, now Tesla faces a darker macro in 2023 with fierce competition coming from all angles,” Wedbush analyst Dan Ives said in a note in the days leading up to the Q4 2022 earnings report.

Tesla ended up beating Wall Street’s expectations, and Tesla’s stock price climbed 11% the day after earnings.

Tesla (TSLA) does not pay a dividend.

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