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Editor’s note: This story has been corrected to reflect that Tesla received approval to use a steer-by-wire system in Canada.
Tesla, Inc. (NASDAQ:TSLA) will release its financial results for the second quarter, after the closing bell on Tuesday, July 23.
Analysts expect the Austin, Texas-based company to report quarterly earnings at 62 cents per share, down from 91 cents per share in the year-ago period. Tesla is expected to post revenue of $24.77 billion, compared to $24.93 billion a year earlier, according to data from Benzinga Pro.
Canada recently granted the EV maker approval to use its steer-by-wire system in the country as required for testing. The technology, which does not meet the country's specification for minimum steering angle, is only available on the company's Cybertruck and not on any of its other offerings.
Tesla shares gained 5.2% to close at $251.51 on Monday.
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Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
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Posted In: TSLA