Tesla Earnings - What to Expect
@Lionel8383:
Tesla will report its second quarter fiscal 2022earnings ending June 2022 on July 20th after the closing bell. Analysts estimates Q2 revenue to come in at $17.07 billion, compared to Q12022 revenue at $18.8 billion and Q4 2021 revenue at $17.7 billion. Earnings-per-share is expected to come in at $1.83 per share, compared to $2.86 in Q1 2022 and $2.05 in Q4 2021.Those numbers are much lower largely due to its COVID-19 shutdown of the Giga Shanghai factory between March 28 and April 18 and production ramp issues at Giga Texas and Giga Berlin which was described by Elon Musk as 'gigantic money furnaces'.Giga Shanghai Annual CapacityAccording to Reuters' unofficial sources, Teslawill suspend most production in the first two weeks of July for a planned upgrade to improved the efficiency a