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Tesla’s (TSLA) Q2 2019 earnings call with Elon Musk set for July 24

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6 years ago

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Tesla (NASDAQ:TSLA) has announced that it would be posting its financial results for Q2 2019 after the market closes on Wednesday, July 24, 2019. The company would be issuing a brief advisory with a link to its Q2 2019 Update Letter, which will be accessible from Tesla’s Investor Relations website. A live Q&A session is set for 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss the electric car and energy company’s financial results and outlook.

Analysts polled by FactSet currently expect Tesla to report an adjusted loss of $0.45 per share on sales of $6.6 billion in the second quarter, which compares favorably with an adjusted loss of $3.06 per share on sales of $4 billion in Q2 2018. So far, the rather early earnings call date appears to have been received well by the market, with Tesla shares trading 1.81% at $242.91 per share as of writing. 

Tesla’s financial results for the second quarter are up for question, considering that Elon Musk has mentioned that Q2 2019 could see a loss once more. Nevertheless, expectations are high that Tesla’s finances in Q2 will be more palatable compared to the company’s first-quarter results, which showed a loss of $702 million, thanks in part to delivery difficulties to international markets such as Europe and China. These challenges were expected to have been mostly addressed in the second quarter, paving the way for a potential return to profitability in Q3 2019. 

Quite interestingly, Tesla’s rather early second-quarter earnings call announcement comes amidst news of challenges being faced by companies considered as the Silicon Valley-based carmaker’s rivals in the EV market. Among these is NIO, widely called the “Tesla of China,” which is seeing some roadblocks in its momentum. NIO had a promising start in 2018, but recent months have been difficult for the company, as reflected in the electric car maker’s slumping sales, the departure of US CEO Padmasree Warrior, and concerns about the quality of the company’s vehicles. These challenges have been reflected in NIO’s stock price, which has declined 42% since its IPO in September. 

Fellow Chinese EV startup Seres (formerly known as SF Motors), at one point also deemed a potential rival to Tesla, was racked with a round of layoffs for its US staff. The company had employed about 300 people in Santa Clara as it planned a potential US launch for its first electric vehicle, the all-electric SF5 SUV. But at a recent staff meeting, the company announced that it would be laying off 90 employees at its US headquarters in Santa Clara. 

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BMW, which is trying to get its momentum back in the electric car market, also faces some challenges with its freshly unveiled Mini Electric. The vehicle, which actually looks pretty fun, has notably underwhelming specs, with a paltry 146 miles of range, a starting price of $35,000, and technology that’s primarily based on the aging i3, a competitor of the early versions of the Model S. This is far below the bar set by vehicles like the Tesla Model 3 Standard Plus, which starts just below $40,000, but has 240 miles of range and standard features like Autopilot.

These challenges faced by young companies like NIO and veterans like BMW show that the electric car segment, which Tesla has survived in for 16 years now, is becoming a very tough business to crack. With other companies like Kia and Hyundai coming up with low-priced EVs that are bang for the buck like the Niro EV and Kona Electric, and with Tesla widening its lead over the competition with the Model 3, the electric car segment is only bound to get more competitive. It wouldn’t be surprising to see companies with weaker hands get shaken off in the coming years.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

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Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Investor's Corner

Tesla gets its best analysis from Morgan Stanley as ‘it’s all about to change’

He maintained its ‘Overweight’ rating and the $410 price target Morgan Stanley had on the stock.

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4 days ago

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August 7, 2025

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(Credit: Tesla)

Tesla has gotten perhaps its best analysis from Morgan Stanley in quite some time, as the Wall Street firm claims that “it’s all about to change.”

That phrase could be used for both the company’s status and the world in general.

Analyst Adam Jonas said in a new note on Thursday to investors that Tesla could be one of the major winners in terms of the global transition from what it is now to what it will be.

He describes the global shift that will occur over the next few years:

“Have you interacted with a robot today? Have you even seen a robot today? No? Well, take a mental picture because it’s all about to change. When we meet someone who has never been in a Waymo or a Tesla Cybercab (which is most people), we frequently see a wince and a response such as ‘I’m not sure I’d feel comfortable getting in a car without a driver.’ We imagine going back in time to 1903 and asking people if they’d feel comfortable in an airplane.'”

The same technological revolutions that have occurred over the past 150 years will continue to occur again and again. We are on the verge of another, Jonas believes, as companies like Tesla are working on artificial intelligence tech, which includes changing the way we look at things like transportation and labor.

Jonas includes an interesting tidbit in his note about how humanoid robots could change wages, and how it could work into the advantage of Tesla, especially as it is developing its own Optimus robot:

“We estimate 1 humanoid robot at $5/hour can do the work of 2 humans at $25/hour, generating an NPV of approximately $200k/humanoid. 1 robot shaped car can potentially drive down cost/mile of a ride share vehicle to <$0.20 mile (1/10th human-driven ride-share).”

Jonas sees Tesla as a key player in how AI will impact things like manufacturing and various automotive industries, and he believes there is long-term potential for AI, robomobility, and even autonomous eVTOL platforms.

Tesla stock: Morgan Stanley says eVTOL is calling Elon Musk for new chapter

He maintained its ‘Overweight’ rating and the $410 price target Morgan Stanley had on the stock.

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Tesla stock gets crazy prediction from CEO Elon Musk

Musk says this is what it would take to be a millionaire from a Tesla investment right now.

Published

4 days ago

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August 7, 2025

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A red Tesla Roadster driving around a turn
(Credit: Tesla)

Tesla stock (NASDAQ: TSLA) got a crazy prediction from CEO Elon Musk recently, as the future of the company seems to be moving more toward AI, autonomy, and robotics, and away from automotive, which is what it has traditionally been recognized as.

Over the past few years, as Tesla has prioritized its Full Self-Driving suite, its rollout of a dedicated Robotaxi program, and the development of the Optimus bot, the company has gained a new reputation from analysts.

It was always looked at as a stock with tremendous potential by many Wall Street firms, some more than others.

The most bullish analysts, like Cathie Wood of ARK Invest, believe the company will eventually reach a multi-trillion-dollar valuation and a share price of over $2,000. Her $2,600 price target does not include any contributions of Optimus. Instead, it leans on Full Self-Driving and Robotaxi.

Tesla tops Cathie Wood’s stock picks, predicts $2,600 surge

Based on where the company is now, there are a lot of potential catalysts. The Robotaxi expansion, as well as affordable vehicles, its prowess in AI and Robotics, and its powerful energy division are all arguments for investment.

One X user said that a $150,000 investment in Tesla right now would likely make you a millionaire. Musk said he thinks that sentiment is “probably correct.”

He’s echoed this belief in recent earnings calls, including the one for Q2, which happened in July:

“I do think if Tesla continues to execute well with vehicle autonomy and humanoid robot autonomy, it will be the most valuable company in the world. A lot of execution between here and there. It doesn’t just happen. Provided we execute very well, I think Tesla has a shot at being the most valuable company in the world. Obviously, I am extremely optimistic about the future of the company.”

Tesla is trading at $316.50 at the time of writing, and has a market cap of just under $1 trillion.

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Tesla stock gets another analysis from Jim Cramer, and investors will like it

“Tesla is morphing right now. It’s in transition from being a car company to being a technology company.”

Published

5 days ago

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August 6, 2025

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Credit: CNBC Television/YouTube

Tesla stock (NASDAQ: TSLA) got its latest analysis from Jim Cramer, and investors will like what he has to say.

Cramer has flip-flopped his thoughts on Tesla shares many times over the years. One time, he said CEO Elon Musk was a genius; the next, he said Ford stock was a better play. He’s always changing his tune.

However, Cramer’s most recent analysis is of a bullish tone, as he talks about the company’s evolution from an automaker to a tech powerhouse. He made the comments on CNBC’s Mad Money:

“Tesla is morphing right now. It’s in transition from being a car company to being a technology company. You wanna be in there because the tech is worth a lot more than what it’s selling for right now. Don’t care where you bought it, care where it’s going to.”

Tesla has always been looked at by the mainstream media as an automaker. While that is its main business currently, Tesla has always had other divisions: Energy, Solar, Charging, AI, and Robotics. Some came after others, but the important point is that Tesla has not been an automaker exclusively for a decade.

It launched Powerwall and Powerpack in April 2015, marking the start of Tesla Energy.

But Cramer has a point here: Tesla is truly becoming much more than a car company, and it is turning into an AI and overall tech company more than ever before. Eventually, it will be recognized as such, more so than it will be as an automotive company.

Cramer’s comments also follow a recent prediction by Musk, who stated on X that he believes a $150,000 investment in Tesla shares right now would eventually turn someone into a millionaire:

Musk has said he believes Tesla could be headed to a serious increase in valuation. Eventually, it could become the most valuable company in the world. He said this during the Q2 Earnings Call:

“I do think if Tesla continues to execute well with vehicle autonomy and humanoid robot autonomy, it will be the most valuable company in the world. A lot of execution between here and there. It doesn’t just happen. Provided we execute very well, I think Tesla has a shot at being the most valuable company in the world. Obviously, I am extremely optimistic about the future of the company.”

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