- Tesla is set to report Q2 earnings on July 23. Despite a recent stock surge, earnings estimates paint a bleak picture with a 23.1% YoY decline. ETFs with Tesla exposure like TESL, XLY, NITE, FDIS, and VCR are in focus ahead of the report.
- Tesla faces challenges with declining delivery numbers, reporting a 13.5% YoY drop in Q2. The company delivered 384,122 vehicles globally but saw a substantial decline in deliveries. Production numbers also fell compared to the previous quarter.
- Tesla launched a driverless robotaxi service in Austin, TX, competing directly with Waymo. This move comes amidst declining sales and criticism of Musk’s leadership. The company aims to expand the service to multiple U.S. cities by the end of the year, focusing on autonomous driving and robotics.
- ETFs like TESL, XLY, NITE, FDIS, and VCR are key to watch ahead of Tesla’s earnings report. These ETFs offer exposure to Tesla while managing downside risks. With Tesla’s focus on next-gen tech and autonomous driving, the stock remains in the spotlight for investors.
Read more at Nasdaq: Tesla ETFs in Focus Ahead of Q2 Earnings