In a press release dated July 2, 2024, Tesla announced it will release its Q2 2024 financial results post-market close today, July 23, 2024. The company will issue a brief advisory with a link to the update on its Investor Relations site. A live Q&A webcast with Tesla management will follow at 4:30 p.m. CT (5:30 p.m. ET) to discuss financial performance and future projections.
Market Cap 
$802.11 Billion in market cap as of July 2024 places Tesla in the bull’s eye as the 10th most valuable company globally, according to data from www.companiesmarketcap.com.
Dividend Information 
Tesla has consistently avoided paying dividends, choosing instead to reinvest all earnings to fuel future expansion and thus, has no plans to distribute cash dividends in the near term.
Recent Development At TESLA 
Here are some of the latest updates from Tesla:
Tesla Updates on Vehicle Manufacturing and Deliveries
Tesla Discloses Outcomes from 2024 Shareholder Annual Meeting
Tesla Reveals Information for Cybertruck Delivery Event
Q1 Earnings Report Recap 
Q1 2024 automotive revenues dropped 13% YoY to $17,378M, while energy revenue grew 7% to $1,635M, and services revenue surged 25% to $2,288M.
Total revenues fell 9% to $21,301M, with gross profit down 18% to $3,696M, and GAAP gross margin narrowing by 199 bp to 17.4%.
Operating expenses increased 37% to $2,525M, leading to a 56% decline in income from operations to $1,171M and a 592 bp drop in operating margin to 5.5%.
Adjusted EBITDA decreased 21% to $3,384M, GAAP net income dropped 55% to $1,129M, and non-GAAP net income fell 48% to $1,536M.
Net cash from operations plummeted 90% to $242M, capital expenditures rose 34% to $2,773M, resulting in a negative free cash flow of $2,531M, while cash reserves increased 20% to $26,863M.
Q2 Earnings Report Analyst Forecast
For the current quarter, the Zacks consensus sales estimate is $25.13B, with projections ranging from a bullish $28.40B to a bearish $23.35B, marking a slight YoY growth of 0.81% from last year’s $24.93B. Earnings estimates show a consensus EPS of $0.62, with recent updates at $0.66, spanning a high of $0.87 to a low of $0.45, indicating a bearish YoY decline of 31.87% from last year’s $0.91.
Per TradingView, Tesla Inc. (NASDAQ: TSLA) forecasts Q2 EPS at $0.61 and revenue at $24.38 billion.
According to Investing.com, Tesla Inc. (NASDAQ: TSLA) forecasts its Q2 EPS at $0.612 and revenue at $24.33B.
Technical Analysis 
Resistance Level: Tesla Inc. (NASDAQ: TSLA) is approaching potential resistance at $269.83 on the 4HR chart, with the current price at $251.72.
Upside Potential: A successful breakout could drive the price up to $305.60, and a break above $305.60 may push it further to $351.09.
Downside Risk: If the breakout fails, the price could drop to $242.69, with further declines possible to $219.60.
Apply Risk Management
Conclusion
Tesla’s Q1 2024 results revealed a mixed performance, with a 13% drop in automotive revenues and significant declines in gross profit, operating income, and net income. Despite this, Tesla maintains a substantial market cap of $802.11 billion and continues to reinvest earnings rather than pay dividends. Looking ahead, Q2 forecasts suggest modest revenue growth with EPS estimates showing a potential decline from the previous year. Technically, Tesla is approaching key resistance levels with significant upside potential if breakouts are successful.
Source :
https://companiesmarketcap.com/tesla/marketcap/#google_vignette
https://ir.tesla.com/contact-us#investor-faqs
https://images.app.goo.gl/dHU2nGBER526z7hq5
https://ir.tesla.com/press-release/tesla-releases-results-2024-annual-meeting-stockholders
https://ir.tesla.com/press-release/tesla-announces-details-cybertruck-delivery-event
https://ir.tesla.com/#quarterly-disclosure
https://www.zacks.com/stock/quote/TSLA/detailed-earning-estimates
https://www.investing.com/equities/tesla-motors-earnings
