Tesla (TSLA) Q2 2021 earnings call is today, here’s what to expect

Tesla

Tesla is on a blistering pace so far in 2021. In the first quarter the automaker set a new record with nearly 185,000 vehicles delivered. That figure didn’t last long with it being crushed in Q2 when over 201,000 cars were delivered around the world.

All of this was achieved with very little production of the Model S and absolutely no new Model X vehicles built either.

Now the quarter’s financial figures are set to be released this afternoon, and Wall Street’s expectations are high that Tesla will post another profitable quarter. Here’s what to expect when CFO Zachary Kirkhorn announces the official numbers after market’s close.

Earnings

Tesla is expected to post non-GAAP earnings of 93 cents per share according to nearly 40 analysts surveyed by FactSet. For comparison, Tesla earned 44 cents per share in Q2 2020.

Revenue

Wall Street consensus for revenue is $11.47 billion. That figure is up from Q1 2021 ($10.39 billion), and more than double what Tesla earned one year ago in Q2 2020 ($5.18 billion).

Regulatory Credits

As always, there will be a strong focus by critics on Tesla’s regulatory credit revenue. The money Tesla makes from other automakers buying their credits has resulted in a steady flow of income over the last few years. In Q1 2021 it earned $518M in regulatory credit revenue, up 46% compared to Q1 2020.

Announcements

After all the financial figures have been announced, CEO Elon Musk usually makes at least a few big announcements.

We will likely hear more about Giga Texas and Giga Berlin and when production might begin. The continued testing of Full Self-Driving (FSD) beta also has a good chance of being mentioned, and maybe even its expansion into Canada (we can hope!).

Based on questions submitted by shareholders through Say.com, we will also be hearing updates on Tesla’s battery production estimates and about the Supercharger network opening to other EVs.

How to listen to Tesla Q2 2021 Financial Results

What: Date of Tesla Q2 2021 Financial Results and Q&A Webcast
When: Monday, July 26, 2021
Time: 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time
Q2 2021 Updatehttp://ir.tesla.com
Webcasthttp://ir.tesla.com (live and replay)

Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.

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Founder and Editor-in-chief of Drive Tesla Canada | Darryn@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca