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Yahoo Finance's Josh Lipton takes a closer look at the top stories for investors to watch on Wednesday, Jul. 22, including Alphabet (GOOG, GOOGL) and Tesla (TSLA) quarterly earnings results.
Tesla's Q2 EPS will answer important questions about the company's legacy EV business, energy growth, and future product timelines.
The company didn't say how many are in each city, and has taken a far more cautious approach to scaling the network than CEO Elon Musk had promised.
Tesla Rises Before Earnings; Options Traders Expect Major Breakout
Tesla launched its Robotaxi service in Orlando and Tampa, its third launch in Florida after debuting the autonomous service in Miami earlier this month.
The state of Tesla's robotaxi service will be a key topic of discussion during its earnings call on Wednesday. The stock rose more than 2.5%.
Since going public on June 12, SpaceX (SPCX) confirmed that it will report its first quarterly earnings results on Tuesday, August 4. Yahoo Finance Senior Business Reporter Ines Ferre and Senior Reporter Brooke DiPalma join the Opening Bid panel to talk more about what investors could be expecting after SpaceX's stock has since fallen below its IPO price.
Tesla on Tuesday expanded its robotaxi service to Orlando and Tampa, as the electric-vehicle maker races to prove that it can scale its autonomous ride-hailing business beyond its initial launch markets. The move comes a day before Tesla reports second-quarter earnings, with Wall Street closely watching the progress on robotaxis, which underpin much of the company's valuation as CEO Elon Musk shifts focus toward artificial intelligence, autonomous driving and humanoid robots. Tesla launched its robotaxi service in Austin in June last year and expanded to Dallas and Houston earlier this year and Miami this month.
As strange as it sounds. Tesla’s earnings aren’t that important on its second-quarter earnings report. Come to think of it, that isn’t that strange for Elon Musk’s EV maker.
Tesla reported mixed second quarter results that beat Wall Street expectations after the closing bell on Wednesday. But its cash burn rate was less than expected. Investors may be looking for more on its physical AI build-outs.
Tesla will report second quarter results after the closing bell on Wednesday. For the first time in a long while, the car business is not the problem, but increased cash burn could be.
As strange as it sounds. Tesla’s earnings aren’t that important on its second-quarter earnings report. Come to think of it, that isn’t that strange for Elon Musk’s EV maker.
Tesla Inc.‘s (NASDAQ:TSLA) Cybercab fleet expansion does not impress investor Gary Black of The Future Fund LLC, who says that any expansion would not amount to much unless true autonomy is achieved. Cybercab Irrelevant to Investors In a response to user @CuriousPejjy, who talked about the recent sighting of over 245 Cybercab units at the company’s Giga Texas facility, Black said that the number of “cybercabs parked at Giga Texas is irrelevant to investors” as long as the vehicles could not auto
TSLA has also dropped 8% over the past month and 6% over three months, while Apple, Alphabet, Nvidia and Amazon remain positive for the year.
Electric vehicle pioneer Tesla (NASDAQ:TSLA) will be reporting earnings this Wednesday after market close. Here’s what to expect.
<body><p>STORY: Stocks started the week on a down note, with the Dow falling about six tenths of one percent, while the S&P 500 dropped two tenths and the Nasdaq ended basically flat.</p><p>:: Archive</p><p>Investors looked for moves toward de-escalation in the Middle East while they waited for earnings reports due from major technology companies later in the week.</p><p>Melissa Brown, managing director of investment decision research at SimCorp, says the technology firms will have to post significant earnings growth to maintain their lofty trading levels. </p><p>“Every company, whether it's Google or Tesla, obviously they have very different business models and different drivers of their business. But overall, I think to justify the high valuations that we see in a lot of those names, we would need to see good earnings growth, not just kind of your run-of-the-mill 10%, but you'd want to see higher earnings growth on top of good margins as well. So, we want the businesses to be profitable and growing.”</p><p>:: Archive</p><p>Meanwhile, Yemen's Iran-aligned Houthis said on Monday that they were imposing a naval blockade on Saudi Arabia, opening a new front in the U.S.-Iran war and widening the threat to global energy supplies and trade beyond the Gulf. </p><p>But a senior Iranian official told Reuters that mediators have passed Iran a proposal to de-escalate the war with the U.S. that would offer a 10-day ceasefire to find ways to revive an interim deal reached last month.</p><p>Stocks on the move included Paramount Skydance which lost two percent and Warner Brothers Discovery which slipped almost four percent after a judge halted their $110 billion merger temporarily as a coalition of states argued it would irreparably harm competition.</p><p>And shares of Domino’s Pizza gained two percent after the chain’s quarterly revenue edged past Wall Street estimates.</p></body>
<body><p>STORY: Citing Alphabet's Google and Elon Musk's Tesla as examples, Brown said that "to justify the high valuations that we see in a lot of those names, we would need to see good earnings growth, not just kind of your run-of-the-mill 10%, but you'd want to see higher earnings growth on top of good margins as well."</p><p>The second-quarter earnings season will pick up the pace this week, with results due from big names like Alphabet, Tesla, and Intel, broadening out the picture they provide of the health of corporate America.</p></body>
Tesla heads into Wednesday's Q2 earnings report with a 17% year-to-date loss and a valuation that assumes autonomy will eventually justify everything. Whether this week's call rebuilds confidence or deepens the skepticism depends on a few critical numbers Wall Street is watching closely.
Tesla, Alphabet, IBM, Texas Instruments, and Intel headline a pivotal earnings week as weakening technical signals suggest the tech rally may need time to consolidate.
With Tesla's earnings days away, options desks are flashing an unusually bearish signal, and a credible new rival is arriving just in time to complicate the story for bulls still betting on the Elon Musk premium.
The Magnificent Seven will again reign supreme over S&P 500 earnings, but their dominance is fading. As second-quarter earnings reports start to flow in, analysts expect the Magnificent Seven companies to grow earnings by a combined 31.1%. The other 493 S&P 500 companies are expected to increase earnings 22.8%, FactSet Senior Earnings Analyst John Butters wrote in a report.
Earnings may take a back seat again. Investors want updates about Tesla's robotaxis and Optimus robots.
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