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What’s Going On With Tesla Stock?

Tesla, Inc. (NASDAQ: TSLA) shares are volatile ahead of the report of the company's second quarter financial results tomorrow.
byRyan Gustafson
July 18, 2023
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Tesla, Inc. (NASDAQ:TSLA) shares are volatile ahead of the report of the company’s second quarter financial results tomorrow.

What To Know: Tesla is set to report its second quarter earnings on Wednesday, July 19, after the close of the market.

Earnings per share are estimated to come in at 81 cents while revenue is estimated at $24.53 billion.

Tesla also successfully obtained a contract worth $413 million to install 218 Megapacks in two energy storage facilities in Massachusetts, the goal of which is to support the reliability and sustainability of power grids.

The two facilities will have a combined capacity of 400 MW/800 MWh, allowing the state to reach 80% of its 1 GWh energy storage deployment target set for 2025.

Related Link: Why Goldman Sachs Shares Are Rising

TSLA Price Action: Shares of TSLA were up 0.22% at $291.01 at the time of publication, according to Benzinga Pro.

Image by Blomst from Pixabay

 
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