Tesla, Inc. reports developments across its electric vehicle, energy storage, services, and AI software businesses. Company updates frequently cover Model 3/Y and other vehicle production and deliveries, energy storage deployments within Energy Generation and Storage, and financial results that discuss revenue, gross margin, operating income, free cash flow, regulatory credit revenue, average selling prices, cost of sales, and foreign exchange effects.
Recurring Tesla news also addresses manufacturing and hardware activity, charging and supporting infrastructure, Services and Other growth, Full Self-Driving revenue recognition, and investment in AI, Robotaxi, and future robotics initiatives. The company’s updates link operational metrics such as deliveries and storage deployments with broader quarterly performance and outlook commentary.
Tesla's Board of Directors approved a five-for-one stock split, declaring a stock dividend to enhance accessibility for employees and investors. Stockholders of record by August 21, 2020 will receive four additional shares for every share held, with distribution scheduled after market close on August 28, 2020. Trading on a split-adjusted basis will commence on August 31, 2020. The announcement includes forward-looking statements, highlighting potential risks and uncertainties affecting future performance, as disclosed in Tesla's SEC filings.
Tesla has released its financial results for Q2 2020, which can be reviewed on its Investor Relations website. A live Q&A webcast will discuss these results and the company's outlook on July 22, 2020, at 2:30 p.m. Pacific Time. Investors and stakeholders are encouraged to participate as Tesla management elaborates on the financial performance and future expectations.
Tesla has announced that its 2020 Annual Meeting of Stockholders will take place in person on September 22, 2020, at 2:30 p.m. PT at the Fremont Factory. Eligible stockholders can also attend a separate Battery Day presentation on the same day. Although detailed proxy materials will follow, stockholders must submit new proxies or votes as previously submitted ones will not be counted. Proposals for the definitive proxy statement must be submitted by July 20, 2020. Tesla will adjust the meeting format as necessary to uphold health and safety guidelines.
Tesla will release its financial results for Q2 2020 after market close on July 22, 2020. A brief advisory will include a link to the Q2 update on Tesla’s Investor Relations website. Following the release, management will conduct a live Q&A webcast at 2:30 p.m. PT (5:30 p.m. ET) to discuss financial and business results along with future outlook. An archived version of the webcast will be available approximately two hours later on the same website.
PALO ALTO, Calif., July 2, 2020 - Tesla produced over 82,000 vehicles and delivered approximately 90,650 vehicles in the second quarter. Despite the shutdown of the Fremont factory for most of the quarter, production levels have been successfully ramped back. The company highlights that delivery counts may be conservative, with final numbers subject to a variance of up to 0.5%. Tesla will announce its net income and cash flow results along with Q2 earnings, emphasizing that vehicle deliveries alone do not provide a complete picture of financial performance.
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