Tesla Earnings Fall 23%. Elon Musk Touts Robotaxis On Conference Call. (Live Coverage)
Tesla (TSLA) after the stock market closed reported second-quarter earnings falling 23% with sales also dropping. The conference call began at 5:30 p.m. ET with all the focus will be on CEO Elon Musk's comments, especially regarding the robotaxis. TSLA shares angled lower after the earnings report.
Tesla Q2 EPS fell 23% to 40 cents while revenue declined 12% to $22.49 billion. Analyst consensus expected Tesla earnings of 40 cents with revenue coming in at $22.28 billion, according to FactSet. However, the Sharp consensus, which tracks recent analyst revision trends for a potentially more accurate estimate, predicted sales coming in below $22 billion.
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