3. What to watch when Tesla reports earnings
Tesla is expected to report an eighth consecutive quarterly profit after markets close today, but still faces big questions despite showing it's now consistently in the black, Ben writes.
Why it matters: The company dominates U.S. electric car sales and is a leading player globally too, so its fortunes are a business story and a climate story.
By the numbers: FactSet estimates Tesla will report adjusted earnings of 94 cents per share and sales of $11.53 billion.
The market data company Refinitiv, per CNN, expects a record net profit of roughly $650 million for the second quarter.
What we're watching: Here are a few things we'll be looking for in the numbers and CEO Elon Musk's call with analysts...
1. How much will come from, like, actually selling cars. In Q1 Tesla again brought in plenty of money — $518 million — from selling regulatory emissions credits to automakers that primarily sell gas-powered cars.
2. What's going on with the Supercharger network. CEO Elon Musk tweeted last week that Tesla would make the network available to other EVs later this year.
- But he provided no details beyond noting that it will extend to all countries "over time."
3. Bitcoin's status with Tesla. Musk told a virtual conference last week that Tesla would "most likely" resume accepting the digital currency as payment.
4. The state of the long-planned semi-truck. The site Electrek reported last week that Tesla is "going through its final debugging" of its Nevada assembly line. The truck was supposed to launch in 2019.