Tesla (NASDAQ: TSLA) stated it might announce its Earnings for the second quarter of 2022 on Wednesday, July 20, 2022, at 5:30 p.m. Jap Time. Tesla will first launch a Shareholder Deck at market shut, which can then be adopted by the corporate’s Earnings Name at round 5:30 p.m. Jap Time.
Following Tesla’s announcement of 254,695 deliveries in Q2, which was completed by a report month of manufacturing in June, the automaker additionally introduced that its monetary outcomes for the second quarter of 2022 can be posted after market shut on July 20.
Tesla Q2 2022 outcomes: Document manufacturing month in face of provide chain and Shanghai shutdown
Regardless of the drop in car deliveries in comparison with Q1 2022, there is not going to be a widespread concentrate on why Tesla was not in a position to enhance car deliveries within the second quarter. The lower was brought on by a three-week shutdown on the firm’s Shanghai manufacturing plant in China, which was halted in April because of an outbreak of COVID-19 within the area.
As a substitute, analysts and traders might need to know the way Tesla will keep away from the persevering with provide chain points which have plagued carmakers for almost two years, and the way it plans to navigate towards recapturing a supply variety of between 1.3 and 1.7 million models this 12 months.
Tesla continues to be on tempo to ship over 1,000,000 models for the primary time in firm historical past in 2022, because it managed to succeed in 936,000 models in 2021.
Tesla rebounded from the Shanghai shutdown with a string of robust months and constructive manufacturing metrics. CEO Elon Musk confirmed in June that Gigafactory Berlin had constructed 1,000 models in every week for the primary time, and the Fremont Manufacturing unit in Northern California set a weekly manufacturing report across the similar time.
It’s at present unknown if CEO Elon Musk will likely be on the decision, as he introduced final 12 months that he’ll solely be becoming a member of Earnings if Tesla has a major announcement to make.
Disclosure: Joey Klender is a TSLA Shareholder.
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