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

Bill Nighy on style, social media and holy socks: ‘I can’t operate in the wrong kind of trousers’

Published

on

By

Bill Nighy on style, social media and holy socks: 'I can't operate in the wrong kind of trousers'

Bill Nighy is a man of many talents – but he knows his limitations – most specifically in the trouser department.

The 74-year-old actor tells Sky News he has very clear sartorial demands when it comes to his acting rider.

“It’s odd, people used to say: ‘There’s a significant lack of classical work on your CV’. And I would say something like: ‘The reason is, I can’t operate in those kind of trousers,’ which is a joke, but it’s also kind of true.

“If you want me at my best, put me in a decent lounge suit. It’s a stupid thing for an actor to say, but art does reflect life.”

And he’s not afraid to bring his own life quite literally into his films, adding: “If it’s a contemporary film and it’s an independent film and they haven’t got a lot of money, I just say, ‘Come to my flat,’ and I open the wardrobe and they can take out whatever they want for that movie. So, the two things do blend.”

He’s currently starring in underdog sports drama The Beautiful Game, playing a retired football talent scout coaching England’s team in the Homeless World Cup.

Founded in 2001, the real-life international tournament that inspired the movie now involves over 70 countries and has transformed the lives of more than one million homeless people.

More on Bill Nighy

Former Homeless World Cup players – who are no longer homeless – feature in the film, playing team members from other countries, which Nighy calls “a wonderful piece of symmetry”.

He of course wore a suit and tie for the majority of the film, despite it being shot in Rome during a heatwave. Scorching weather aside, he says: “It was quite fun to stand on the touchline and scream.”

Pic: Netflix
Image:
Nighy as football talent scout Mal in The Beautiful Game. Pic: Netflix

While Nighy may not necessarily look the part of a stereotypical football coach, he does work on his fitness, training three times a week. It’s something he insists he won’t be “winning any prizes for”, and he certainly won’t be sharing snaps of his workouts on Instagram.

‘My iPhone doesn’t see a lot of action’

He explains: “I’ve never been on social media. I’m lucky in that regard because I’m of an age where I can just about get away with it.

“I nearly went on it. I got very close to, I think it was Instagram, but I didn’t in the end make that jump.

“I don’t have a laptop. I mean, I’m carrying a computer in my pocket, obviously, like everybody else, but I’ve never had a computer. I’ve never owned one, again because I’m fortunate. I don’t need one for anything. I’ve got an iPhone, but there’s not a lot of action on it apart from, you know, the obvious.”

I can only guess ‘the obvious’ is phoning his nearest and dearest, including his daughter and friends. Nighy keeps his romantic dealings close to his chest, and since splitting with his partner of 26 years, he hasn’t been publicly linked to anyone new – either in the public eye or out.

Nighy and Anna Wintour at the Met Gala last year. Pic: Reuters
Image:
Nighy with friend Anna Wintour at the Met Gala last year. Pic: Reuters

As one of Britain’s most recognisable actors, he’s humble in his appraisal of his five decade career spanning theatre, TV and film – reaching to Hollywood and back.

‘I didn’t expect acting to last’

“I don’t know what I’m cut out to be, but it probably isn’t an actor, although I don’t know if anybody is. I think we all have to bend ourselves out of shape to do whatever it is we do.

“I didn’t expect to be an actor. I didn’t expect when I became an actor that it would last very long. I didn’t have a Plan B, it was all basically out of necessity.

“I flunked school, so I didn’t have any qualifications for anything, and I didn’t have a Plan B, so I had no safety net. But, you know, it gradually worked out.”

With two BAFTAs, a Golden Globe and Teen Choice Award (yes really) to name but a few of his accolades, he’s being modest.

And his acting career is about to take a step into the unknown, with his first big horror role in First Omen coming to the screen next month.

Nighy as Cardinal Lawrence in The First Omen. Pic: 20th Century Studios
Image:
Nighy as Cardinal Lawrence in The First Omen. Pic: Disney/20th Century Studios

A prequel to the 1976 original, it returns to the very beginning of the story, with Nighy warning it’s not a film for the feint hearted: “The early signs suggest that it is truly horrible.”

Red satin and holy socks

He does have a wide experience of otherworldly roles, if not out and out horror. Nighy lists a few. “In Shaun Of The Dead I was a werewolf. Yeah, I was a werewolf.”

(Nighy was actually a zombie, but the movie was filmed 20 years ago, and who’s splitting hairs?)

He goes on: “And I’ve been a vampire several times. And I’ve been a squid. If you count animations, I’ve been a rattle snake with a machine gun in its tail. But they’re not straight horror. [First Omen] is really my first horror movie, like what you’d call straight horror. So, it is a departure.”

It goes without saying he was well suited and booted for the role.

“I was dressed by the Vatican tailor. So, you can see I look my best if you’re going to be a priest. And I’m drenched in red satin”.

Rumour has it he was given holy socks from the Vatican shop as part of his costume. Blessed beyond doubt.

Nighy ‘can’t stand’ his own films

He says it “will frighten the life” out of its viewers, adding “a few people I’ve met who’ve seen it and who are horror freaks were stunned. One journalist actually said [they were] traumatised.”

But he doesn’t have to worry about nightmares himself. “I’ve never seen it and I’m never going to see it because I don’t watch films I’m in because I can’t stand it.”

Pic: Netflix
Image:
Pic: Netflix

Meanwhile, his latest offering, The Beautiful Game, is a very different prospect, crafted to leave the viewer uplifted rather than in pieces.

Nighy says it’s a feelgood nostalgia that takes him right back to his childhood. “The deal was when I was a kid, you went, you paid some money, you went to the cinema, and you came out feeling a bit better than you did when you went in. This is what [The Beautiful Game] is.”

The Beautiful Game is streaming now on Netflix, and The First Omen will be in cinemas from 5 April.

Continue Reading

Entertainment

Song lyrics have become angrier and more repetitive since the 80s, study finds

Published

on

By

Song lyrics have become angrier and more repetitive since the 80s, study finds

Song lyrics have become angrier and more repetitive over the past four decades, a study has found.

Lyrics in rock, rap, country, pop, and R&B songs have also become simpler and more personal, according to research published in the journal Scientific Reports.

Rap songs showed the strongest increase in anger and negative emotions, while country songs had the lowest, the researchers said.

Eva Zangerle, an assistant professor at the University of Innsbruck’s department of computer science in Austria, said anger-related words may have become more common because music “reflects more general changes in society and culture”.

Prof Zangerle and her colleagues analysed the lyrics of 12,000 English-language songs released between 1980 and 2020, as well as the page views of the lyrics on online platform Genius.

They found lyrics have become simpler and easier to understand over time, while also becoming more emotional and personal.

Analysis also showed the number of different words used within songs has decreased, particularly among rap and rock songs.

The team speculated this may be because of changes in how music is enjoyed, such as increases in songs being used as background music.

Read more from Sky News:
Nick Cave has ‘feelings of culpability’ over deaths of his sons
Beyonce releases tracklist for upcoming country album
Springsteen first international songwriter to be Ivors Academy fellow

Prof Zangerle said: “In the last 40 years, we have witnessed a change from buying records in the store to being able to choose from hundreds of millions of songs on streaming platforms on the phone.

“This has also changed the way music is consumed.”

By analysing the page views on Genius, the team found older rock songs were viewed more than newer ones, but the reverse was true for country songs. They said it could indicate rock listeners prefer lyrics from older songs, while country listeners may prefer those from newer songs.

Prof Zangerle gave Bruce Springsteen’s 1973 song Spirit In The Night as a good example of complex songwriting, while she said Miley Cyrus’s 2019 hit Slide Away has simpler and repetitive lyrics.

Continue Reading

Entertainment

Helen Flanagan shares mental health struggles and ‘heartbreaking’ reason for pulling out of West End show

Published

on

By

Helen Flanagan shares mental health struggles and 'heartbreaking' reason for pulling out of West End show

Coronation Street star Helen Flanagan says she was sent into a psychosis after suffering a “bad reaction” to her ADHD medication earlier this year.

The 33-year-old TV star, who’s best known for her role as Rosie Webster in Coronation Street, shared the news on Instagram, after a couple of months away from social media.

She said she was left “emotionally struggling” after splitting from the father of her children, footballer Scott Sinclair – with whom she shares Matilda, seven, Delilah, five, and Charlie, two.

She also explained her reason for pulling out of a theatre tour of Cluedo 2 which kicked off last month, saying it was due to a bad reaction to her medication for attention deficit hyperactivity disorder (ADHD).

At the time, it was announced that Flanagan had withdrawn from the show for “medical reasons”.

Alongside a selfie with her giving the peace sign, she wrote: “Had a few months off from social but I’m back now.

“So basically I really struggled mental health wise December/January. I felt really not great in my head over Christmas and I didn’t really feel that much different when I took the kids away for new year.

More on Coronation Street

“I had a lot of difficult things going on things I just can’t talk about on Instagram.

“I felt terrible, so I was due my theatre tour which I was excited about so when I came back from holiday I thought it was best for me to take some medication so I’d feel better and be able to cope better with being a working single mum of three and I was emotionally struggling with the break up from the father of my kids.”

‘I just love my kids so much’

She added: “I had a really bad reaction though to the medication (an ADHD medication) and it sent me into a psychosis for a few days which I didn’t know I was in.

“I just love my kids so much, this bad reaction though was a few days before rehearsals were starting and sadly I just wasn’t mentally well enough to do it.

“I was heartbroken as I’ve always been professional as an actress but I needed to stay at home and feel better for me and my kids, with the help of my amazing parents.”

She added that she felt like she was in a “really good happy place” and has found therapy “amazing”.

She said: “I feel like I’ve worked on myself with things that were quite tough to me but I feel lighter now.”

The cast of Cleudo 2 (L-R) Edward Howells, Dawn Buckland, Ellie Leach, Jack Bennett, Jason Durr, Hannah Boyce, Gabriel Paul. Pic: Alastair Muir
Image:
The cast of Cleudo 2 (L-R) Edward Howells, Dawn Buckland, Ellie Leach, Jack Bennett, Jason Durr, Hannah Boyce, Gabriel Paul. Pic: Alastair Muir

Flanagan was replaced in the role of Miss Scarlett in Cluedo 2 by Strictly Come Dancing winner Ellie Leach, who was one of the fellow celebrities to comment on Flanagan’s post, writing “love you” with three kisses.

Other stars including Ex-Girls Aloud singer Nadine Coyle, presenter Carol Vorderman and Coronation Street actresses Lucy Fallon and Brooke Vincent also showed their support.

Flanagan played Rosie Webster in the Manchester-based ITV soap from 2000 to 2012, returning to the role between 2017 and 2018.

Continue Reading

Trending