Tesla, Inc. TSLA shares are volatile ahead of the company's second-quarter financial results Wednesday..
What To Know: Tesla is set to report its second quarter earnings on July 19, after the close of the market.
Earnings per share are estimated to come in at 81 cents while revenue is estimated at $24.53 billion. Investors will want to keep an eye on margins after the company continued to cut prices on its vehicles in the quarter to spark demand.
Tesla also successfully obtained a contract worth $413 million to install 218 Megapacks in two energy storage facilities in Massachusetts, the goal of which is to support the reliability and sustainability of power grids.
The two facilities will have a combined capacity of 400 MW/800 MWh, allowing the state to reach 80% of its 1 GWh energy storage deployment target set for 2025.
Related Link: Why Goldman Sachs Shares Are Rising
TSLA Price Action: Shares of TSLA were up 0.22% at $291.01 at the time of publication, according to Benzinga Pro.
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