Next week, all eyes will be on electric vehicle leader Tesla Inc. (NASDAQ:TSLA) as the company is scheduled to release its financial results for the second quarter. Analysts will be looking for earnings per share of 42 cents on revenue of $22.79 billion. In the year-ago quarter, Tesla posted EPS of 52 cents on sales of $25.5 billion, thus reflecting significant changes in the broader EV ecosystem.
Nevertheless, the bulls will be looking for positive signals — and they wouldn't be unjustified in their optimism. Fundamentally, one of the most significant catalysts for Tesla's business is last month's rollout of its Robotaxi model. Admittedly, the EV manufacturer is new to the space and faces significant competition from Uber Technologies, Inc. (NYSE:UBER) and Waymo. However, with the Robotaxi launch, there's much buzz about the expansion of the initiative.
