Tesla to release second-quarter earnings report on Tuesday after the market closes.

• Tesla reports second-quarter financial results after the bell on Tuesday.
• LSEG's estimates indicate that analysts anticipate earnings per share of 62 cents on sales of $24.77 billion.
• During the 5:30 p.m. ET conference call, it is anticipated that CEO Elon Musk will address Tesla's advancements in self-driving cars and humanoid robots.

is set to report second-quarter earnings after the bell on Tuesday.

Based on a survey of analysts by LSEG, Wall Street anticipates the following.

• Earnings per share: 62 cents expected
• Revenue: $24.77 billion expected

Despite a challenging first half of the year, with Tesla cutting more than 10% of its workforce and experiencing declines in first- and second-quarter vehicle deliveries, the EV maker will shift its focus to highlight its successes and future prospects for investors.

Despite a 4.8% decline in vehicle deliveries from the previous year, Tesla's second-quarter deliveries of 443,956 surpassed analysts' expectations.

The company's energy generation and storage division, which sells and installs backup batteries and solar photovoltaics, had deployed 9.4 GWh of energy products in the period ended June 30, surpassing the previous quarter's record by more than double.

Despite remaining the top seller of electric vehicles in the U.S., Tesla is losing market share to a growing number of rivals due to its aging lineup of sedans and SUVs and the impact of CEO Elon Musk's incendiary and political commentary on a segment of its left-leaning buyers.

According to a recent report, Musk has stated that he plans to contribute $45 million monthly to a newly formed super PAC supporting former President Donald Trump. However, as of the end of June, he has not yet made any donations to this group, as per its latest quarterly financial filing. It is worth noting that Musk publicly endorsed Trump following the assassination attempt at a political rally on July 13.

This year, 45% of Democratic and left-leaning voters are very or somewhat interested in purchasing a fully electric vehicle, while only 13% of Republican and right-leaning voters share the same interest, according to Pew Research.

In the first half of 2024, fully electric vehicle sales in the U.S. increased by 33% year-over-year, while Tesla's sales decreased by 9.6%, according to Cox Automotive data tracked by InsideEVs.

Tesla, led by Musk and his devoted supporters, aims to achieve more than just manufacturing and selling automobiles.

The company's financial health and other bets will be the focus of the call Tuesday afternoon.

Since 2016, Musk, CEO of SpaceX and founder of Neuralink, Boring Company, X Corp., and xAI, has been promising that Tesla's existing EVs will become self-driving vehicles with software updates. Despite ongoing work, the company has yet to deliver on this promise. Additionally, Musk has pledged to reveal a new dedicated robotaxi later this year to investors.

In 2021, Musk announced that Tesla would create and manufacture humanoid robots for factory work, with the expectation of having some operational by 2022 and more available for other companies by 2026.

On Tuesday's call, more information about the Optimus humanoid robot and CyberCab autonomous vehicle will be shared.

On Monday, Tesla's shares closed up around 5% at $251.51 per share, in anticipation of the upcoming call on Tuesday.

Tesla's "deliveries" are not a verified financial measure, but are the closest estimate of sales reported by the company.

According to LSEG, only 22 out of the 50 analysts covering Tesla have buy or strong buy ratings, while Wall Street is largely divided on the company's outlook, as reported by CNBC Pro.