Tesla reports second-quarter earnings on Tuesday and investors are looking for improvements to the robotaxi

Some institutional investors will focus on the health of Tesla’s overall vehicle network and the company’s operating costs after it implements a major recession and slashes prices and incentives. ling to drive sales of electric vehicles.

According to LSEG, as of Monday, analysts expected Tesla to report 62 cents per share in adjusted earnings on revenue of $24.77 billion for the period ended June 30.

Retail investors who submitted questions about Say Technologies’ platform earlier are hoping for answers about the company’s delayed plan to introduce its CyberCab, a “dedicated robot” and its progress in driving technology. They also want information on Tesla’s immediate priorities, the outlook for its fast-growing battery storage business, the status of a new factory it has promised to build in Monterrey. , Mexico, among other issues.

Given Musk’s recent endorsement of former President Donald Trump, and the CEO being a Republican megadonor in this presidential election cycle, Tesla shareholders also fielded political questions before the call.

Another asked, “Do you believe the Trump/Vance administration will support Tesla and EVs? How confident are you based on your interviews?” And another asked, “How can Elon Musk support/support a party that denies climate change, yet at the same time Tesla’s mission statement is taken directly to fight climate change the weather?”

Republican presidential candidate Trump has indicated that he will completely eliminate subsidies and other government programs that help consumers and manufacturers of electric vehicles, especially but not traditional automakers.

Reuters reported last week that Musk’s political and polarizing statements “raised concerns about Tesla’s brand, especially in liberal states like California, which accounts for 10% of the world’s production of cars.” company.” Tesla registrations in the state fell to 52,211 vehicles during the second quarter, according to data from the California New Car Dealers Association.

Investors have also sent questions to Say Technologies about Tesla’s progress in developing humanoid robots that the company intends to implement in its factories.

Musk said, during the annual meeting of shareholders in June, that Tesla’s Optimus robots will be the catalyst to raise the market of the company to the astronomical $25 trillion one day. Musk also called himself “pathologically optimistic” at the meeting.

On Monday evening, Musk said in a social media post on X, Tesla’s Optimus humanoid robots will be “realistically functional” and “low production” for use inside Tesla next year. He added that they could be “hopefully,” with high volume production and available for use by “other companies in 2026.”

In April, Musk told Tesla shareholders on a first-quarter earnings call that Optimus will be “a weak product in the natural factory itself, doing good jobs before the end of this year,” and Tesla “he may be able to sell it abroad. by the end of next year.”

Tesla is the latest among tech companies to develop humanoid robots. Its Optimus competitors include Boston Dynamics, Agility Robotics, Unitree and others. Robotics companies such as Sanctuary, Apptronik, 1X and Fourier are also working on hardware that mimics human hands.

Musk has a long history of promising investors that Tesla’s future products or services will be ready soon, even if they’re nothing more than a design concept.

For example, the billionaire CEO promoted the concept of the next generation Roadster at an event in November 2017 and again in June 2018 in a series of tweets. He said at the time, “SpaceX’s option package for the new Tesla Roadster will include ~10 small rockets arranged around the vehicle.” Engineers would improve speed and “even allow Tesla to fly,” he wrote at the time. The refreshed Roadster still hasn’t been produced six years later, even though the EV maker took $250,000 in deposits from buyers who wanted one.

For one example, in 2015, Musk told shareholders that Tesla cars would achieve “full autonomy” within three years. In 2016, Musk said that a Tesla car would be able to make a cross-country trip without requiring a human intervention before the end of 2017. And in 2019, on a call with institutional investors that would help him raise more than $ 2 billion, Musk. he said Tesla will have 1 million robot-ready cars on the road by 2020, capable of completing 100 hours of driving work per week, making money for their owners.

None of those investors’ promises were ever fulfilled.

Tesla has recently made major changes to its driver assistance software, marketed in the US as Autopilot and FSD-S (Full Self Driving Supervised) which have won rave reviews from fans and many car owners. .

Musk and other executives on Tuesday’s call are expected to discuss the challenges the company faces before it can deliver on those long-term self-driving promises.