Tesla's Cybertruck Rolls off Assembly Line Days Before Q2 Earnings Announcement
AUSTIN, TX—Tesla will announce its second-quarter earnings July 19. This comes just days after the company tweeted a photo of a Cybertruck that recently rolled off the company's Giga Texas assembly line here on July 15.
Investors will be listening for more details on the much-delayed Cybertruck and how Tesla's many price cuts have affected automotive gross margins.
Wall Street estimates predict Tesla will bring in around $24.9 billion in revenue for the quarter, nearly 50 percent higher than year-ago sales of $16.9 billion.
Tesla's stock has shot up 168.62 percent since the start of the year. It closed at $290.38 Monday afternoon, riding the high of the news that the first Cybertruck was finally built over the weekend.
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