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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.


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Gregg Wallace: Over half of allegations against MasterChef presenter substantiated, including one of unwanted physical contact

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Gregg Wallace: Over half of allegations against MasterChef presenter upheld, including one of unwanted physical contact

An investigation into Gregg Wallace’s “inappropriate behaviour” on MasterChef has found that more than half of the allegations against him have been substantiated, including one of “unwanted physical contact”.

MasterChef’s production company Banijay UK shared a summary of its report into historical allegations of misconduct against the 60-year-old presenter, carried out by independent law firm Lewis Silkin over seven months.

The report also said the number of sustained allegations made Wallace’s return to MasterChef “untenable”.

The investigation heard evidence from 78 witnesses, including 41 complainants.

There were 83 allegations against Wallace, and 45 of them were substantiated. All were related to MasterChef.

While the majority of the substantiated allegations related to inappropriate sexual language and humour, a smaller number of allegations of other inappropriate language and being in a state of undress were also substantiated.

One allegation of unwanted physical contact was substantiated.

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Nearly all the allegations against Wallace were related to behaviour which is said to have occurred between 2005 and 2018, with just one substantiated allegation taking place post-2018.

Wallace and Anne-Marie Sterpini in 2014
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Wallace and Anne-Marie Sterpini in 2014

Ahead of the publication of the summary, Wallace had said he had been “cleared of the most serious and sensational accusations” made against him.

Additionally, the report summary found that there were also 10 standalone allegations about other people between 2012 and 2018/2019, two of which were substantiated. Those people were not named in the summary.

The investigation found that complaints had previously been raised with the production company between 2005 and 2024.

Gregg Wallace on MasterChef. Pic: BBC/ Shine TV 2024
Image:
Gregg Wallace on MasterChef. Pic: BBC/ Shine TV 2024

While the report flagged inadequate reporting procedures prior to 2016, when Endemol merged with Shine ahead of Banijay acquiring Endemol Shine in 2020, it said there were significant improvements to HR processes and training after 2016.

While the investigation said some formal action was taken by the BBC in 2017, it also noted the corporation held no information regarding concerns raised over Wallace centrally, resulting in issues being addressed as a first offence.

Sky News has tried to contact Gregg Wallace for contact today.

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Man arrested for alleged sexual assault ‘on set of EastEnders’

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Man arrested for alleged sexual assault 'on set of EastEnders'

A man has been arrested on suspicion of assault and sexual assault – which reportedly took place on the set of EastEnders.

The alleged incident happened on the set of the BBC soap at Elstree Studios in Hertfordshire, according to The Sun newspaper.

Hertfordshire Police confirmed a man in his 50s was arrested after the report in Eldon Avenue, Borehamwood, on 7 May.

The man is accused of sexual assault and common assault in relation to two victims, the force said.

The suspect is on bail while inquiries continue, police added.

EastEnders said in a statement: “While we would never comment on individuals, EastEnders has on-site security and well-established procedures in place to safeguard the safety and welfare of everyone who works on the show.”

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BST Hyde Park’s final day cancelled as Jeff Lynne’s ELO pulls out of headline slot

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BST Hyde Park's final day cancelled as Jeff Lynne's ELO pulls out of headline slot

BST Hyde Park festival has cancelled its final night after Jeff Lynne’s Electric Light Orchestra pulled out of the headline slot.

Lynne, 77, was due to play alongside his band on Sunday but has been forced to withdraw from the event following a “systemic infection”.

The London show was supposed to be a “final goodbye” from ELO following their farewell US tour.

Organisers said on Saturday that Lynne was “heartbroken” at being unable to perform.

A statement read: “Jeff has been battling a systemic infection and is currently in the care of a team of doctors who have advised him that performing is simply not possible at this time nor will he be able to reschedule.

“The legacy of the band and his longtime fans are foremost in Jeff’s mind today – and while he is so sorry that he cannot perform, he knows that he must focus on his health and rehabilitation at this time.”

They later confirmed the whole of Sunday’s event would be cancelled.

“Ticket holders will be refunded and contacted directly by their ticket agent with further details,” another statement said.

Stevie Wonder played the festival on Saturday – now its final event of 2025.

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US rock band The Doobie Brothers and blues rock singer Steve Winwood were among those who had been due to perform to before ELO’s headline performance.

The cancellation comes after the band, best known for their hit Mr Blue Sky, pulled out of a performance due to take place at Manchester’s Co-Op Live Arena on Thursday.

ELO was formed in Birmingham in 1970 by Lynne, multi-instrumentalist Roy Wood and drummer Bev Bevan.

They first split in 1986, before frontman Lynne resurrected the band in 2014.

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