Tesla earnings are coming. 2 things that will drive the stock.
Revenue and earnings are expected to be up with rising vehicle sales. Tesla sold about 480,000 vehicles in the second quarter, up 25% year over year. A few factors helped, including high oil prices, Tesla buyer incentives, and retrenchment from traditional auto makers, which are less focused on EVs after the expiration of the $7,500 federal EV purchase tax credit in September.