{"id":34063,"date":"2023-07-11T06:54:30","date_gmt":"2023-07-11T10:54:30","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/what-to-expect-from-teslas-q2-results\/"},"modified":"2023-07-11T06:54:32","modified_gmt":"2023-07-11T10:54:32","slug":"what-to-expect-from-teslas-q2-results","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34063","title":{"rendered":"What To Expect From Tesla\u2019s Q2 Results?"},"content":{"rendered":"<div>\n<p>Tesla<fbs-ticker data-name=\"TSLA\" data-href=\"https:\/\/www.forbes.com\/companies\/tesla\" data-type=\"stock\"><br \/>\n  TSLA<br \/>\n <\/fbs-ticker> is expected to publish its Q1 2023 earnings on July 19, reporting on a quarter that saw the company report a record number of deliveries. We expect Tesla\u2019s revenues to come in at $24.7 billion, slightly ahead of consensus estimates. This would mark year-over-year growth of about 45%. Earnings are likely to come in at about $0.87 per share, roughly in line with the consensus. See our interactive dashboard analysis on <strong> <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/TSLA\/no-login-required\/1bxtldqu\/Tesla-TSLA-Earnings-Preview-TSLA-Stock-Likely-To-Trade-Higher-Due-To-Strong-FY-2023Q2-Results-With-Revenues-And-Earnings-Beating-Expectations?fromforbesandarticle=trefis230711\">Tesla Earnings Preview<\/strong> for more details on how Tesla\u2019s revenues and earnings are likely to trend for the quarter. So, what are some of the trends that are likely to drive Tesla\u2019s results?<\/p>\n<p>Tesla has already reported delivery numbers for Q2 2023, indicating that deliveries grew 83% year-over-year to 466,140 units. While the growth rates were driven in part by a favorable comparison with Q2 2022 when the company\u2019s Chinese business declined sharply amid strict Covid-19-related lockdowns, Tesla has also likely benefited from price cuts on popular models and an expansion of manufacturing capacity. For perspective, Model Y presently sells at more than 20% below last year\u2019s prices. Moreover, the Model 3 and Y are also eligible for the $7,500 tax credit under the Inflation Reduction Act in the U.S. and this is also making Tesla\u2019s EVs more accessible to a broader customer base. The ramp-up of production at Tesla\u2019s factory in Texas is also helping supply to an extent. While higher volumes are positive, Tesla\u2019s average selling prices are likely to trend meaningfully lower and this is also likely to impact margins over Q2. Automotive gross margins over Q1 2023 stood at 19.3%, down almost 10% compared to the year-ago quarter and we should see a similar year-over-year decline over Q2 as well.<\/p>\n<p>While Tesla stock could trend marginally higher if it beats earnings estimates, we think that the stock is a bit overvalued at current levels. Although we continue to believe that Tesla will remain a big beneficiary of the long-term transition to electric vehicles given its well-oiled supply chain, superior electric drivetrains, and its lead with software and self-driving technology, we are presently negative on Tesla stock with a $210 price estimate, which is about 23% below the current market price. Tesla stock has already gained over 2x year-to-date and presently trades at about $274 per share, or at over 78x forward consensus earnings, which is slightly high, in our view. Tesla\u2019s earnings for 2023 are also projected to decline year-over-year as automotive margins face pressure. See our analysis on <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/TSLA\/no-login-required\/Av4Tqti3\/Tesla-TSLA-Valuation-Is-TSLA-Stock-Expensive-Or-Cheap-?fromforbesandarticle=trefis230711\">Tesla Valuation<\/strong>: <strong>Is TSLA Stock Expensive Or Cheap?<\/strong> for more details on Tesla\u2019s valuation and how it compares with peers. For more information on Tesla\u2019s business model and revenue trends, check out our dashboard on <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/TSLA\/no-login-required\/KXIdXiNO\/Tesla-Revenues-How-Does-TSLA-Make-Money-?fromforbesandarticle=trefis230711\">Tesla Revenue<\/strong>: <strong>How Does TSLA Make Money?<\/strong><\/p>\n<p>What if you\u2019re looking for a more balanced portfolio instead? Here\u2019s a <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/RsQ6oXgC\/High-Quality-Portfolio-30-Stocks-with-189-Return-Since-2016-vs-88-for-S-P-500?fromforbesandarticle=trefis230711\">high-quality portfolio<\/strong> that\u2019s beaten the market consistently since 2016.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>Invest with <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/M7MacZNG?fromforbes\">Market Beating Portfolios<\/strong><\/p>\n<p>See all <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/price-estimates?fromforbes\">Price Estimates<\/strong><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/greatspeculations\/2023\/07\/11\/what-to-expect-from-teslas-q2-results\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla TSLA is expected to publish its Q1 2023 earnings on July 19, reporting on a quarter that saw the company report a record number of deliveries. We expect Tesla\u2019s revenues to come in at $24.7 billion, slightly ahead of consensus estimates. This would mark year-over-year growth of about 45%. Earnings are likely to come [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-34063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What To Expect From Tesla\u2019s Q2 Results? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Tesla TSLA is expected to publish its Q1 2023 earnings on July 19, reporting on a quarter that saw the company report a record number of deliveries. We\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=34063\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What To Expect From Tesla\u2019s Q2 Results? | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Tesla TSLA is expected to publish its Q1 2023 earnings on July 19, reporting on a quarter that saw the company report a record number of deliveries. We\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=34063\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-11T10:54:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-11T10:54:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1689072871_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34063#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34063\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"What To Expect From Tesla\u2019s Q2 Results?\",\"datePublished\":\"2023-07-11T10:54:30+00:00\",\"dateModified\":\"2023-07-11T10:54:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34063\"},\"wordCount\":499,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=34063#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34063\",\"url\":\"https:\/\/ifintechworld.com\/?p=34063\",\"name\":\"What To Expect From Tesla\u2019s Q2 Results? | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-11T10:54:30+00:00\",\"dateModified\":\"2023-07-11T10:54:32+00:00\",\"description\":\"Tesla TSLA is expected to publish its Q1 2023 earnings on July 19, reporting on a quarter that saw the company report a record number of deliveries. We\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34063#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=34063\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34063#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What To Expect From Tesla\u2019s Q2 Results?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What To Expect From Tesla\u2019s Q2 Results? | iFintechWorld","description":"Tesla TSLA is expected to publish its Q1 2023 earnings on July 19, reporting on a quarter that saw the company report a record number of deliveries. We","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=34063","og_locale":"en_US","og_type":"article","og_title":"What To Expect From Tesla\u2019s Q2 Results? | iFintechWorld","og_description":"Tesla TSLA is expected to publish its Q1 2023 earnings on July 19, reporting on a quarter that saw the company report a record number of deliveries. We","og_url":"https:\/\/ifintechworld.com\/?p=34063","og_site_name":"iFintechWorld","article_published_time":"2023-07-11T10:54:30+00:00","article_modified_time":"2023-07-11T10:54:32+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1689072871_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=34063#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=34063"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"What To Expect From Tesla\u2019s Q2 Results?","datePublished":"2023-07-11T10:54:30+00:00","dateModified":"2023-07-11T10:54:32+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=34063"},"wordCount":499,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=34063#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=34063","url":"https:\/\/ifintechworld.com\/?p=34063","name":"What To Expect From Tesla\u2019s Q2 Results? | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-11T10:54:30+00:00","dateModified":"2023-07-11T10:54:32+00:00","description":"Tesla TSLA is expected to publish its Q1 2023 earnings on July 19, reporting on a quarter that saw the company report a record number of deliveries. We","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=34063#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=34063"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=34063#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"What To Expect From Tesla\u2019s Q2 Results?"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34063"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34063\/revisions"}],"predecessor-version":[{"id":34065,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34063\/revisions\/34065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/34064"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}