image via Solving the Money Problem on YouTube
Tesla shareholders and stock market analysts continue to speculate on the outcomes of Tesla’s second quarter. With some positive reports coming out regarding sales and orders of Tesla vehicles, there’s reason to believe the company may report a profit. Some increased demand for the company’s green energy solutions, including some major Megapack projects, also hints at widespread profitability.
However, there are a few rain clouds in the form of some production problems and protests related to working conditions. A new video from Solving the Money Problem on YouTube takes a look at these factors and more to determine whether or not Tesla will report a profit in their second quarter of 2020.
The video begins by laying a framework for the company’s quarter. Consumer hesitations and nationwide shutdowns due to COVID-19 created some substantial problems for Tesla. As a result, some buyers may have cancelled orders. Others may have avoided them altogether. As a result, it’s expected that Tesla will report lower sales numbers for the quarter.
Shareholders are also curious to find out whether or not Tesla will receive induction into the S&P 500. There’s been some recent speculation on the subject. The company’s quarter 2 earnings report will no doubt shine some light on the possibility of induction. If inducted, the move could signal a major step forward for Tesla’s financial landscape.
