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Expand chart
Data: FactSet; Chart: Will Chase/Axios

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.

Why it matters: The company dominates U.S. electric car sales and is a leading player globally too, so its fortunes are both a business story and a climate story.

By the numbers: FactSet estimates the Silicon Valley automaker, solar and storage provider to 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's a few things we'll be looking for in the numbers and Elon Musk's evening 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 who 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, currently open only to Teslas, available to other EVs later this year.

  • But he provided no details beyond noting that it will extend to all countries "over time."
  • It could be a significant revenue source. Morgan Stanley's Adam Jonas, in a note, "conservatively" estimates $2.9 billion in charging revenue by 2030 from only Teslas.

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.

  • “It looks like Bitcoin is shifting a lot more towards renewables,” Musk said, but noted he's still exploring the topic. CNBC has more.

4. The state of the long-planned semi-truck. The freight-mover unveiled in 2017 was supposed to start production in 2019, but that didn't happen.

The site Electrek reported last week that Tesla is "going through its final debugging" of its Nevada assembly line.

5. The state of Tesla's manufacturing and supply chain. Analysts will likely seek information about the status of Tesla's factories under construction in Texas and Germany, as well as how the chip shortage is affecting the company.

6. The rocky road in China. MarketWatch's earnings preview delves into what's happening with Tesla's operations in the world's largest auto market.

They note that "demand concerns have mounted amid a recent recall, consumer criticism, and a growing number of domestic EVs as competition with Teslas."

Go deeper

Exclusive: Grassroots group raises concerns over Tesla hirings

The Tesla Inc. factory under construction on Harold Green Road and State Highway 130 in Austin on Friday, Oct. 16, 2020. Photo: Bronte Wittpenn/Bloomberg via Getty Images

One grassroots group has raised concerns with Tesla leadership over hiring practices at the company's new Austin gigafactory, urging the car manufacturer to improve opportunities for residents who only speak Spanish.

The big picture: Tesla, which recently announced it will move its headquarters to Austin, will employ at least 5,000 workers at the new plant.

  • The hiring process has already begun, and many of the jobs at the plant require only a high school education. CEO Elon Musk said he doesn't care "if you even graduated high school" to get a job at Tesla.
  • The company listed 364 Austin-based jobs on its website Tuesday.
Oct 19, 2021 - Economy & Business

Netflix beats subscriber estimates following success of "Squid Game"

Illustration: Rebecca Zisser/Axios

Netflix on Thursday said it added 4.4 million subscribers globally last quarter, which not only beat Wall Street expectations, but also marked the first time that the company reported positive subscriber gains in the past six months.

Why it matters: The tech giant credits a more normalized content release schedule last quarter for the gains. It blamed subscriber slowdowns during the past two quarters on COVID-related production delays.

The biggest headline from Biden's town hall

President Biden greets attendees during a commercial break in Baltimore last night. Photo: Nicholas Kamm/AFP via Getty Images

What matters from President Biden's town hall with CNN's Anderson Cooper at Baltimore Center Stage on Thursday, via Axios night owl Hans Nichols:

The biggest headline: Biden is jettisoning the corporate tax increases that White House officials have insisted, for the past 10 months, are wildly popular across the country. He admitted he doesn't have the votes.