5 Most Anticipated Earnings to Watch on Wednesday

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 80

All eyes are on Tesla, Inc. (NASDAQ:TSLA) as the electric vehicle (EV) giant gears up to announce its second-quarter results on Wednesday, July 20, 2022. Analysts are expecting Tesla, Inc. (NASDAQ:TSLA) to post earnings of $2.30 per share on revenue of $17.39 billion.

Tesla, Inc. (NASDAQ:TSLA) has already announced its vehicle deliveries for the June quarter. The company delivered 254,695 vehicles for the quarter, missing the consensus estimate of 295,078. The numbers were also lower than the 310,048 vehicles delivered by Tesla, Inc. (NASDAQ:TSLA) in the first quarter of 2022.

The drop was mainly attributed to the pandemic-related shutdowns in China. While the demand for the company’s vehicles is strong, Tesla, Inc. (NASDAQ:TSLA) continues to face supply-chain disruptions.

You can also take a peek at Top 10 Stock Picks of Jeffrey Diehl’s Adams Street Partners and Jim Cramer Recommends These 10 Stocks For Recession.

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