Connect with us

Published

on

Tesla (TSLA) is set to announce its second-quarter 2021 financial results today, July 26, after the markets close. As usual, a conference call and Q&A with Tesla’s management is scheduled after the results.

We’ll take a look below at what both the street and retail investors are expecting for the quarterly results.

Tesla Q2 2021 deliveries

As usual, Tesla’s vehicle deliveries drive most of its earnings results, since vehicle sales represent the automaker’s main revenue stream at the moment.

Tesla already released its Q2 2021 numbers confirming that it delivered just over 200,000 cars and produced more than 206,000 vehicles between April and June 2021.

That’s a new quarterly record – 8% higher deliveries quarter-over-quarter, which is significant considering the prior quarter was also Tesla’s last delivery record.

Year-over-year, the growth is much more significant at 121%, but we also need to account for the impact of the pandemic around this time last year.

Delivery and production numbers are always slightly adjusted during earning results.

Tesla Q1 2021 revenue

Again, for revenue, analysts generally have a pretty good idea of what to expect thanks to the delivery numbers.

The Wall Street consensus for this quarter is $11.532 billion, and Estimize, the financial estimate crowdsourcing website, predicts a slightly higher revenue of $11.615 billion.

That’s roughly $1 billion more than Tesla reported last quarter and more than double the revenue of Q2 last year.

The predictions for Tesla’s revenue over the past two years: Estimize predictions are in blue, Wall Street consensus are in gray, actual results are in green:

Tesla Q1 2021 earnings

Tesla always attempts to be marginally profitable every quarter as it invests most of its money into growth and it has been successful doing so over almost the last 2 years now.

For Q2 2021, the Wall Street consensus is a gain of $0.94 per share, while Estimize’s prediction is slightly higher with a profit of $1.01 per share.

Both predictions are a little more optimistic than last quarter’s, which Tesla managed to beat by a slight margin.

Earnings per share over the last two years: Estimize predictions in blue, Wall Street consensus in gray, actual results in green:

Other expectations for the TSLA shareholder’s letter and analyst call

For investors, the focus is on growth and right now, for Tesla, that means adding production capacity and securing battery supply.

I think investors are going to want more updates on Gigafactory Berlin and Gigafactory Texas.

Both factories are supposed to be producing vehicles by the end of the year and a status update would be appreciated when we are just months away from that goal.

An update on Tesla’s 4680 battery cell production is also critical since Tesla plans to use those cells and its new structural battery pack technology for the new vehicles to be produced at those plants.

CEO Elon Musk also recently confirmed that Tesla plans to open up the Supercharger network to other automakers by the end of the year.

I think investors would appreciate more details on how the company plans to roll that out since it will have a big effect on the Tesla ownership experience and it’s also going to be a new revenue stream.

There are also the usual updates to programs like Full Self-Driving, but Musk has been often just updating people on that via Twitter.

We recently reported that Tesla Semi is nearing production in Nevada and an official update from Tesla on that front would be appreciated.

The same goes for Tesla Cybertruck. The automaker’s official timeline for the electric pickup truck is still “end of 2021”, but that’s looking less likely by the day and an update on the production plan would give us a better idea.

On the Tesla Energy front, Electrek exclusively reported on Tesla’s new 420-watt solar panel and selling more hardware to third-party installers. It would be interesting for Tesla to discuss those plans since they haven’t been made public yet.

What else are you looking for during Tesla’s earnings? Let us know in the comments section below, and join us later today for an extensive coverage of the earnings.


Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

Continue Reading

Entertainment

Police should focus on ‘tackling real crime’, No 10 says, after Met Police halts non-crime hate probes

Published

on

By

Police should focus on 'tackling real crime', No 10 says, after Met Police halts non-crime hate probes

Officers should focus on “tackling real crime and policing the streets”, Downing Street has said – after the Metropolitan Police announced it is no longer investigating non-crime hate incidents.

The announcement by Britain’s biggest force on Monday came after it emerged Father Ted creator Graham Linehan will face no further action after he was arrested at Heathrow Airport on suspicion of inciting violence over three posts he made on X about transgender issues.

Politics latest: Boris Johnson left in ‘homicidal mood’ after exam result fiasco

Sir Keir Starmer’s spokesman said police forces will “get the clarity they need to keep our streets safe” when a review of non-crime hate incidents by the National Police Chiefs’ Council and College of Policing is published in December.

“The police should focus on tackling real crime and policing the streets,” he said.

“The home secretary has asked that this review be completed at pace, working with the National Police Chiefs’ Council and the College of Policing.

“We look forward to receiving its findings as soon as possible, so that the other forces get the clarity they need to keep our streets safe.”

More from Politics

He said the government will “always work with police chiefs to make sure criminal law and guidance reflects the common-sense approach we all want to see in policing”.

After Linehan’s September arrest, Met Police Commissioner Sir Mark Rowley said officers were in “an impossible position” when dealing with statements made online.

File pic: iStock
Image:
File pic: iStock

On Monday, a Met spokesperson said the commissioner had been “clear he doesn’t believe officers should be policing toxic culture war debates, with current laws and rules on inciting violence online leaving them in an impossible position”.

The force said the decision to no longer investigate non-crime hate incidents would now “provide clearer direction for officers, reduce ambiguity and enable them to focus on matters that meet the threshold for criminal investigations”.

Justice minister Sarah Sackman said it is “welcome news” the Met will now be focusing on crimes such as phone snatching, mugging, antisocial behaviour and violent crime.

Asked if other forces should follow the Met’s decision, she said: “I think that other forces need to make the decisions that are right for their communities.

“But I’m sure that communities up and down the country would want that renewed focus on violent crime, on antisocial behaviour, and on actual hate crime.”

The Met said it will still record non-crime hate incidents to use as “valuable pieces of intelligence to establish potential patterns of behaviour or criminality”.

Continue Reading

Entertainment

Bob Vylan on ‘death, death to the IDF’ chant: ‘I’d do it again tomorrow, twice on Sundays’

Published

on

By

Bob Vylan on 'death, death to the IDF' chant: 'I'd do it again tomorrow, twice on Sundays'

Bob Vylan’s frontman has said he does not regret chanting “death, death to the IDF” at Glastonbury – and would do it again.

The outspoken punk duo sparked controversy with their performance at the festival in June, with the broadcast also leading to fierce criticism of the BBC.

But speaking on The Louis Theroux podcast, Bobby Vylan said he stood by the chant, adding: “I’d do it again tomorrow, twice on Sundays.”

Please use Chrome browser for a more accessible video player

BBC bosses grilled over Masterchef, Bob Vylan and Gaza documentary

The US condemned the act’s “hateful tirade” and revoked their visas, with several festivals cancelling their upcoming appearances.

Vylan claimed this backlash is “minimal” compared with what the people of Palestine are going through – with many losing members of their family or forced to flee their homes.

He said: “If I have their support, they’re the people that I’m doing it for, they’re the people that I’m being vocal for, then what is there to regret. Oh, because I’ve upset some right-wing politician or some right-wing media?”

The musician revealed he was taken aback by the uproar caused by the chant, which was described by the prime minister as “appalling hate speech”.

Vylan added: “It wasn’t like we came off stage, and everybody was like (gasps). It’s just normal. We come off stage. It’s normal. Nobody thought anything. Nobody. Even staff at the BBC were like: ‘That was fantastic! We loved that!'”

A spokesperson at Mindhouse Productions – which was founded by Theroux and produces The Louis Theroux podcast – told Sky News: “Louis is a journalist with a long history of speaking to controversial figures who may divide opinion. We would suggest people watch or listen to the interview in its entirety to get the full context of the conversation.”

Please use Chrome browser for a more accessible video player

Calls for Bob Vylan concert to be cancelled

‘The response was disproportionate’

The BBC’s Executive Complaints Unit has since found that the broadcast of Bob Vylan’s set breached editorial standards related to harm and offence.

Theroux asked Vylan what he meant by chanting “death to the IDF” – with the musician replying: “It’s so unimportant, and the response to it was so disproportionate.

“What is important is the conditions that exist to allow that chant to even take place on that stage. And I mean, the conditions that exist in Palestine. Where the Palestinian people are being killed at an alarming rate.”

Read more from Sky News:
Maccabi fans will not be able to buy tickets to Villa match

No more investigations into ‘non-hate crime incidents’, Met says
Victim of Manchester synagogue attack speaks out

Pic: PA
Image:
Pic: PA

He said he wanted an end to the oppression that the Palestinian people are facing – but argued chanting “end, end the IDF” wouldn’t have caught on because it doesn’t rhyme.

“We are there to entertain, we are there to play music,” Vylan added. “I am a lyricist. ‘Death, death to IDF’ rhymes. Perfect chant.”

He went on to reject claims that their set had contributed to a spike in antisemitic incidents that were reported a couple of days later.

“I don’t think I have created an unsafe atmosphere for the Jewish community. If there were large numbers of people going out and going like ‘Bob Vylan made me do this’. I might go, ‘oof, I’ve had a negative impact here’.”

Vylan’s conversation with Theroux was recorded on 1 October – before the Manchester synagogue attack, and prior to the ceasefire in Gaza coming into effect.

Continue Reading

Entertainment

Gavin Plumb: Man jailed for plotting to rape and murder Holly Willoughby loses appeal against life sentence

Published

on

By

Gavin Plumb: Man jailed for plotting to rape and murder Holly Willoughby loses appeal against life sentence

A security guard jailed for plotting to kidnap, rape and murder TV star Holly Willoughby has lost an appeal against his life sentence.

Gavin Plumb was sentenced to life with a minimum term of 16 years last year after being convicted of soliciting murder and encouraging or assisting others to rape and kidnap.

A trial at Chelmsford Crown Court heard that police found bottles of chloroform and an “abduction kit” with cable ties when officers raided the 38-year-old’s flat in Harlow, Essex.

Plumb’s kidnap plan involved attempting to “ambush” Willoughby at her family home, jurors heard.

Plumb argued in his defence that it was just online chat and fantasy.

Police believed Plumb was an 'imminent threat' to Holly Willoughby. Pic: PA
Image:
Police believed Plumb was an ‘imminent threat’ to Holly Willoughby. Pic: PA

He was caught after an undercover police officer in the US infiltrated an online group called Abduct Lovers.

He told the officer, who used the pseudonym David Nelson, that he was “definitely serious” about his plot to kidnap the former This Morning host, leaving him with the impression that there was an “imminent threat” to Willoughby.

Due to the officer’s concern over Plumb’s post, evidence was passed to the FBI, who then contacted police in the UK.

Willoughby, who asked for her victim personal statement to be private, waived her right to anonymity in connection with the charge against Plumb of assisting or encouraging rape.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the latest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.

Continue Reading

Trending