Tesla earnings: Watch for Full Self-Driving info, analyst says
Tesla (TSLA) will release its second quarter earnings after the market close on Tuesday, July 23rd. There will likely be some focus on Tesla's Full-Self Driving technology as well as the EV maker's plans for a robotaxi. The vehicle was supposed to be unveiled in August, but CEO Elon Musk seemed to imply that its unveiling will be delayed, writing on X, "Requested what I think is an important design change to the front, and extra time allows us to show off a few other things." Canaccord Genuity managing director George Gianarikas tells Market Domination that among the things he will be watching for is the company's margin outlook and insight on its energy storage business. The big thing he's going to be looking for, though, will be the Full Self-Driving (FSD) take rate, noting that Tesla cut the price of FSD during the quarter. "How is that translating into consumer appetite for the product? That's really really important because, for us, before robotaxi even happens, we have to figure out what the consumer appetite is for the Full Self-Driving offering that they have available to them today, particularly when that will help dictate the earnings trajectory of the firm for the next couple, few years before robotaxi kicks in." Gianarikas notes, however, that data about FSD is something that will likely have to be asked for on the call, because the company generally does not disclose it. For more expert insight and the latest market action, click here This post was written by Stephanie Mikulich.
