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Tesla (TSLA) is about to release Q2 2023 financial results today, Wednesday, July 19, after the markets close. As usual, a conference call and Q&A with Tesla’s management are scheduled after the results.

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

Tesla Q2 2023 deliveries

As usual, Tesla already disclosed its Q2 vehicle delivery and production numbers, which drive the vast majority of the company’s revenue.

Earlier this month, Tesla confirmed that it delivered a new record of over 422,000 electric vehicles during the first quarter of the year.

Tesla also confirmed that it was able to produce a new record of nearly 480,000 vehicles during the quarter.

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

Tesla Q2 2023 revenue

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 $24.220 billion, and Estimize, the financial estimate crowdsourcing website, predicts a higher revenue of $24.836 billion.

This would represent a marginal increase over the previous quarter since even though Tesla achieved record deliveries, it had to slash prices to achieve it.

It would be a massive increase in revenue over the same period last year, but that wouldn’t be a great comparison since Tesla had to shut down Giga Shanghai during that time in 2022 temporarily.

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

Tesla Q2 2023 earnings

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

For Q2 2023, the Wall Street consensus is a gain of $0.80 per share, while Estimize’s prediction is higher with a profit of $0.87 per share.

Despite anticipating record revenue, Wall Street expects earnings to be down from last quarter because of the previously mentioned price cuts,

Here are the earnings per share over the last two years, where Estimize predictions are in blue, Wall Street consensus is in gray, and actual results are in green:

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

Much of the shareholder focus is likely going to be around gross margin and operational profitability at the current price level, which has dropped significantly throughout the year.

With Tesla Energy achieving record quarters that are slowly starting to have a small impact on Tesla’s broader performance, it might be a point of interest again this quarter.

But looking at top-voted shareholders’ questions, it looks like the Tesla shareholder community is more interested in looking into the future.

Here are the top five questions that Tesla is likely going to answer during the conference call:

  • Has any automaker approached Tesla to license FSD?
  • When will you get more information about our Cybertruck orders? Estimated delivery schedules, pricing, and specifications?
  • Have you considered allowing FSD transferability as a lever to allow existing customers to upgrade to a new Tesla instead of being locked in to existing cars due to price of FSD?
  • What is the status of the 4680 Cell? How far are you from the specs you laid out on battery day? When do you expect to achieve what you laid out on Battery Day?
  • As you open the supercharger network in North America to other EVs, do you plan to accelerate anticipatory investments in supercharger expansion to avoid congestion, and how will you deal with long lead times to upgrade electric T&D services to these areas for multi-megawatt loads?

You can join us live on Electrek this evening for intensive coverage of Tesla’s Q2 2023 financial results starting at around 4 p.m. ET for the results and through the evening for news coming out of the conference call and results.

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New 2026 Volvo S90 looks great – but if you can read this, you probably can’t have one

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New 2026 Volvo S90 looks great – but if you can read this, you probably can't have one

Volvo Cars took the wraps off new-for-2026 S90 plug-in hybrid, calling the big sedan the most elegant and comfortable 90 yet, promising nearly 50 miles (80 km) of all-electric range and a comprehensive suite of high-end technology and design updates … but if you’re reading this in English, you probably can’t have one.

The updated Volvo S90 is still blinking into the spotlight, but there are already reports that Volvo Cars has decided against bringing the slick new sedan to the US. And Canada. And the UK. And … you get the idea.

That’s too bad, too – because the SPA S90 has always been a comfortable and capable performer. Alas, sedans aren’t selling, you could get whiplash trying to keep track of all the tariff news these days, and Volvo (like a lot of companies in 2025, frankly), no longer needs the English-speaking world to keep it profitable.

“The S90 is a key part of our product portfolio for the coming years in some of our Asian markets,” says Erik Severinson, Chief Product and Strategy Officer at Volvo Cars. “Together with the new fully electric ES90, the new S90 ensures we have a complete and attractive offering for customers who value safety and want to drive a large, sleek Volvo sedan.”

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Invoking the electric-only ES90 EV is a key point here – and Volvo is pushing its marketing heavily into the idea that the PHEV version(s) of the face-lifted luxo-cruiser is “really” an EV, with press copy that reads:

As a plug-in hybrid, the new S90 is an electric car with a back-up plan. It offers 80 kilometers of fully electric range on a single charge under the WLTP testing cycle, while also providing more power when needed. This means that many S90 drivers will be able to do their daily commute with zero tailpipe emissions. Volvo Cars’ data shows that nearly half of the distance covered by the latest plug-in hybrid Volvo cars is powered purely by electricity.

VOLVO CARS

There’s plenty to unpack there – not the least of which is whether or not the cars’ owners will ever actually plug them in. My personal experience with friends and neighbors who own T8/PHEV Volvos now would tell me that they’re more likely than, say, Jeep Wrangler 4xe owners to plug-in … but it hardly matters at this point.

The new S90 will be available to order for customers in China this summer, with selected other markets following later.

Check out some of the official press photos, below, then let us know whether or not you’ll miss seeing new S90s on English-speaking roads in the comments.

SOURCE | IMAGES: Volvo Cars.

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The messy middle, hybrid semis, and century old tech comes to trucking

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The messy middle, hybrid semis, and century old tech comes to trucking

On today’s fleet-focused episode of Quick Charge, we talk about a hot topic in today’s trucking industry called, “the messy middle,” explore some of the ways legacy truck brands are working to reduce fuel consumption and increase freight efficiency. PLUS: we’ve got ReVolt Motors’ CEO and founder Gus Gardner on-hand to tell us why he thinks his solution is better.

You know, for some people.

We’ve also got a look at the Kenworth Supertruck 2 concept truck, revisit the Revoy hybrid tandem trailer, and even plug a great article by CCJ’s Jeff Seger, who is asking some great questions over there. All this and more – enjoy!

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

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New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.


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Trump’s war on clean energy just killed $6B in red state projects

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Trump’s war on clean energy just killed B in red state projects

Thanks to Trump’s repeated executive order attacks on US clean energy policy, nearly $8 billion in investments and 16 new large-scale factories and other projects were cancelled, closed, or downsized in Q1 2025.

The $7.9 billion in investments withdrawn since January are more than three times the total investments cancelled over the previous 30 months, according to nonpartisan policy group E2’s latest Clean Economy Works monthly update. 

However, companies continue to invest in the US renewable sector. Businesses in March announced 10 projects worth more than $1.6 billion for new solar, EV, and grid and transmission equipment factories across six states. That includes Tesla’s plan to invest $200 million in a battery factory near Houston that’s expected to create at least 1,500 new jobs. Combined, the projects are expected to create at least 5,000 new permanent jobs if completed.

Michael Timberlake of E2 said, “Clean energy companies still want to invest in America, but uncertainty over Trump administration policies and the future of critical clean energy tax credits are taking a clear toll. If this self-inflicted and unnecessary market uncertainty continues, we’ll almost certainly see more projects paused, more construction halted, and more job opportunities disappear.”

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March’s 10 new projects bring the overall number of major clean energy projects tracked by E2 to 390 across 42 states and Puerto Rico. Companies have said they plan to invest more than $133 billion in these projects and hire 122,000 permanent workers.

Since Congress passed federal clean energy tax credits in August 2022, 34 clean energy projects have been cancelled, downsized, or shut down altogether, wiping out more than 15,000 jobs and scrapping $10 billion in planned investment, according to E2 and Atlas Public Policy.

However, in just the first three months of 2025, after Trump started rolling back clean energy policies, 13 projects were scrapped or scaled back, totaling more than $5 billion. That includes Bosch pulling the plug on its $200 million hydrogen fuel cell plant in South Carolina and Freyr Battery canceling its $2.5 billion battery factory in Georgia.

Republican-led districts have reaped the biggest rewards from Biden’s clean energy tax credits, but they’re also taking the biggest hits under Trump. So far, more than $6 billion in projects and over 10,000 jobs have been wiped out in GOP districts alone.

And the stakes are high. Through March, Republican districts have claimed 62% of all clean energy project announcements, 71% of the jobs, and a staggering 83% of the total investment.

A full map and list of announcements can be seen on E2’s website here. E2 says it will incorporate cancellation data in the coming weeks.

Read more: FREYR kills plans to build a $2.6 billion battery factory in Georgia


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