WILL TESLA BEAT ESTIMATES? TSLA EARNINGS PREVIEW (Q2-21)

EV Channels Review

This video provides a detailed preview of Tesla's Q2 2021 earnings report, focusing on financial projections and analyst consensus. The presenter, Rob Maurer, meticulously breaks down expected revenues, profitability, and operating expenses, offering his own forecasts alongside those of Wall Street analysts. Key discussion points include the volatility of regulatory credit revenue, the impact of new S/X models on cost of goods sold, and the expected improvement in energy business margins due to solar roof pricing adjustments. Maurer highlights the potential for improved automotive gross margins, excluding credits, driven by the Model Y ramp and cost savings from removing radar. He also anticipates a reduction in SG&A expenses due to the tapering of Elon Musk's stock-based compensation plan. The review concludes with an earnings per share forecast that slightly beats the street consensus, emphasizing the importance of automotive gross margin ex-credits as a key indicator for future quarters.