Tesla Q2 2023 Earnings: Cybertruck News and Price Cut Effects

[{"selector":"#anim-2ad2e5c3-247d-4e22-acde-2c78de4cc643 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c6814261-cbcb-4541-8112-246ba27ecf21","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0818a67c-5c5d-40a8-93e8-60e7e0ba12d3","keyframes":{"transform":["translate3d(0px, 590.68116%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tesla's Q2 earnings to reveal Cybertruck updates and impact of price cuts on automotive gross margins. Learn more

[{"selector":"#anim-a03d0e96-349b-4ad0-81c2-61a0e4622cab [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-54.88782039904623%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-ffed518e-5327-477a-b6fc-a32932b555d9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e3869b3-f9ff-4e08-8710-9561a7073abe","keyframes":{"transform":["translate3d(0px, 792.12964%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Analysts predict $24.9B revenue, 50% higher YoY. Tesla stock soared 168.62% this year, boosted by Cybertruck news. Learn more

[{"selector":"#anim-b68fb0c4-6875-40d8-855b-31b91d1a1d3e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.583611813092588%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-43a2140c-3f45-46ff-90d4-157f8db363b9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-54676cef-6c0d-448f-be51-95432cc818ed","keyframes":{"transform":["translate3d(0px, 569.71341%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Cybertruck's first production stirred both excitement and skepticism. Investors seek details on pricing, specs, and deliveries. Learn more

[{"selector":"#anim-4c266d33-a806-4173-95f2-8b66d5756f5c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.845591874711662%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-15351697-3fc2-46f1-9e70-3bedeb388109","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-09384889-d769-4f2f-b848-f872eedc9c40","keyframes":{"transform":["translate3d(0px, 590.68116%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tesla accused of creating hype with one Cybertruck announcement before earnings. Will they narrow the production capacity estimate? Learn more

[{"selector":"#anim-e7e21210-6d41-437c-ba27-118844c253f3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-05edfb3b-6e12-4425-914b-f06806b97ab0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f018973b-f842-4358-b9b4-e6814e3ed7df","keyframes":{"transform":["translate3d(0px, 615.04637%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Analysts expect auto gross margins to drop to 17.5% due to price cuts and EV tax credits boosting sales in Q2. Learn more

[{"selector":"#anim-36e39075-f9cc-485d-b52b-eed162352ebc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-0c8e2a64-bd61-41fe-98b2-e9cb0a77b251","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6353affb-577f-477a-b7be-181dc4720acd","keyframes":{"transform":["translate3d(0px, 448.74566%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Q1 saw gross margins dip below 20% due to discounts and increased production. Some worry about Tesla's stock price, while others remain bullish. Learn more

[{"selector":"#anim-c8469d30-5312-4d0c-ab52-e52385107045 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-835fe82f-00f2-455a-9cb2-fcc280b8d0f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d8992b90-9242-4abd-b59a-4926b5f3d254","keyframes":{"transform":["translate3d(0px, 419.71341%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tesla's strategy of higher volumes at lower margins may pay off if Full Self-Driving (FSD) improves. It's seen as more than just an automaker. Learn more

[{"selector":"#anim-8ba188c5-bd3a-4ca2-9026-bbf325c04f12 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.181063921239186%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-5803ffda-a7e4-4aa0-ace4-1bbcdcb012f4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29893d1f-5b4c-4e8e-aecf-5627b2930409","keyframes":{"transform":["translate3d(0px, 534.22953%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Updates on Tesla's Supercharging network expected. Other automakers adopting NACS standard, revenue growth prospects discussed. Learn more

[{"selector":"#anim-8b5c6058-4f5a-4c8e-baaa-0df2ba861cdf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-eb9369ee-fa5e-4b4a-883e-f4b1f4e14d2a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbba8c26-fb3a-495a-81bd-261daa11b909","keyframes":{"transform":["translate3d(0px, 545.51990%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Investors keen on how Tesla navigates challenges and opportunities. Earnings reveal the path forward for the EV giant. Learn more

[{"selector":"#anim-49725502-231e-4a7b-920f-414f512eb99f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-19809a2e-3e1b-48d3-8208-9261bd768dcf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92eca543-c61f-47a7-9539-3b37688a24f6","keyframes":{"transform":["translate3d(0px, 527.77791%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] As Tesla's impact on the automotive and energy sectors grows, stakeholders await the next chapter in the company's journey. Learn more

[{"selector":"#anim-0729f5b8-85f9-45ef-b9ca-801c3bcd3c74 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.897598080379028%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cc853f77-6a91-45e4-a20b-c2beb85b5949","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-27b175c0-b663-45b0-8a5f-21d079b97a23","keyframes":{"transform":["translate3d(0px, 681.71299%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Stay tuned for the Q2 earnings report to make informed decisions on Tesla's future and the EV industry's trajectory. Learn more