Tesla reports as earnings season revs up
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What is the main topic discussed in this episode?
Welcome to Seeking Alpha's Wall Street Brunch, our Sunday look-ahead to this week's market-moving events, along with the weekend's top news and analysis. Hello, today is Sunday, July 19th, and I'm your host, Kim Kahn.
How will Tesla's Q2 results and delivery numbers set expectations for autonomy and AI plans?
With earnings season in full swing, Tesla is set to report on Wednesday. Analysts expect Tesla to report revenue of $26.4 billion, EPS of 54 cents, and an automotive gross margin excluding credits of slightly above 18%. Tesla has already disclosed Q2 deliveries of 480,126 vehicles and production of 451,758.
What autonomy, robotaxi and AI chip updates are investors watching from Tesla's earnings?
Beyond those core numbers, investor attention will be once again focused on updates on autonomy, software, the robot taxi rollout, and AI4 and AI5 chips, as well as the capital spending needed for the company to become a leader in physical AI. Seeking Alpha analyst Yanis Zumpanos says Tesla enters earnings with momentum on its side. The improvement in demand, rising analyst expectations, and strong execution show that the market could be undervaluing the stock's potential earnings performance, he said. But Agar Capital cautions that a great company does not necessarily make a great stock. The firm argues Tesla's $1.5 trillion market cap overvalues the company by roughly $1 trillion, citing businesses that still lack commercial scale, complete authorizations, verifiable unit economics, and significant free cash flow.
Here's how the rest of the earnings calendar shapes up.
How do differing analyst views and valuation concerns shape Tesla's stock narrative?
Domino's Pizza and AMC Entertainment report on Monday. Novartis, 3M, GM, and Halliburton are due Tuesday. Alphabet, Texas Instruments, IBM, AT&T, ServiceNow, Philip Morris, and Kinder Morgan join Tesla on Wednesday. Thursday brings reports from Intel, T-Mobile, Lockheed Martin, Union Pacific, and Comcast. American Express, Verizon, and Charter Communications wrap up the week on Friday.
Which major companies report earnings this week and how could they move the market?
The economic calendar is light this week, but there are still a few notable events. AMD's Advancing AI event will take place in San Francisco on Wednesday, where CEO Lisa Su is expected to outline the chipmaker's latest AI strategy. The biannual Farnborough International Air Show begins Monday, with Boeing, Airbus, Embraer, and other industry leaders expected to announce aircraft orders and showcase new technologies. And San Diego Comic-Con kicks off on Thursday, with Disney, Warner Bros., and Apple among the media companies expected to preview upcoming films and streaming content. In the news this weekend, the U.S. military launched airstrikes against Iran's Islamic Revolutionary Guard Corps on Sunday in retaliation for an attack in Jordan that killed two American service members and wounded four others, further escalating tensions between Washington and Tehran.
And Walmart said it pulled four bagged iceberg lettuce salad products after receiving a notice from supplier Taylor Farms as recalls linked to a cyclosporiasis outbreak, which causes explosive diarrhea, continue to widen. Taylor Farms is one of North America's largest suppliers of fresh vegetables and packaged salads.
What other market events and weekend headlines (AMD event, Comic-Con, US-Iran strikes, recalls, dividends) should investors watch?
Its customers include not just Walmart, but also Costco, Whole Foods Market, McDonald's, and Taco Bell. And for income investors, Caterpillar and Colgate-Palmolive go ex-dividend on Monday. Caterpillar pays out on August 19th, while Colgate-Palmolive pays out on August 14th. Dell goes ex-dividend on Tuesday with a July 31st payout. Pfizer goes ex-dividend on Friday and will pay its dividend on September 1st. That's all for today's Wall Street Brunch. Look for links to stories in the show notes section. Don't forget, these episodes will be up with transcriptions at seekingalpha.com slash WSB. And join the elite community of real investors to unearth great investing ideas. Just head to seekingalpha.com slash subscriptions.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:05–0:17
2
How will Tesla's Q2 results and delivery numbers set expectations for autonomy and AI plans?
0:17–0:40
3
What autonomy, robotaxi and AI chip updates are investors watching from Tesla's earnings?
0:40–1:29
4
How do differing analyst views and valuation concerns shape Tesla's stock narrative?
1:29–1:53
5
Which major companies report earnings this week and how could they move the market?
1:53–2:56
6
What other market events and weekend headlines (AMD event, Comic-Con, US-Iran strikes, recalls, dividends) should investors watch?
2:56–3:37