Tesla stock surged 5% ahead of earnings, investors expect profitable quarter

From Nasdaq: 2024-07-22 15:35:03

Tesla (NASDAQ: TSLA) shares have been on a roller-coaster ride, recovering from a 40% drop in April to hold a year-to-date gain ahead of its second-quarter earnings report. Investors are eagerly awaiting updates on EV profits, energy storage, and self-driving technology.

CEO Elon Musk is making news with endorsements of former President Trump as election year politics heat up. Tesla’s stock has surged by 5% as investors anticipate a profitable quarter after strong second-quarter vehicle deliveries of almost 444,000 EVs.

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Read more at Nasdaq: Why Tesla Stock Popped Ahead of Earnings Day Tomorrow