This archive report was first published on 23 July 2019.
On July 24, 2019, Tesla released its second-quarter earnings, which analysts had been closely watching. The company had been signaling a loss for months, but investors were still hoping for a big finish to the year.
According to reports, Tesla delivered about 95,000 vehicles in the first quarter, and analysts expected the company's topline revenue to recover from the drop-off in the second quarter, reaching around $6.5 billion.
Shares of Tesla had been down over 22% year-to-date, but had risen 15% in the past month, indicating that the markets had priced in the loss and were hoping for a swing back to profits in either the third or fourth quarters.
