Tesla Inc.’s second-quarter results come amid another massive rally for the stock, which is now on par with shares of Google parent Alphabet Inc. and other consistently profitable heavyweights.
The Silicon Valley car maker
is expected to report quarterly numbers next Wednesday after the bell. A call with analysts at 5:30 p.m. Eastern will follow.
Tesla’s shares have quadrupled in price this year, with volume nearly tripling this week from a six-month average.
The rally has boosted the electric car maker’s market value to $325 billion, making Tesla the most valued car company in the world after Japan’s Toyota Motor Co.