UPDATE—July 23, 2024: This article has been updated to reflect more recent analyst estimates and share price information.

Tesla (TSLA) is set to report second-quarter earnings Tuesday, after a recent rally in its stock price powered by 澳洲幸运5官方开奖结果体彩网:better quarterly delivery numbers than analysts expected.

Analysts forecast Tesla will report revenue slightly above that of last year's second quarter, when it posted sales of $24.93 billion, according to estimates compiled by Visible Alpha. Restructuring and 澳洲幸运5官方开奖结果体彩网:research and development costs are projected to be higher than last year, leading analysts to estimate Tesla's net income to be $1.72 billion, down from $2.7 billion a year ago.

Investors will be looking for updates on Tesla's debut event for its autonomous robotaxis. CEO Elon Musk 澳洲幸运5官方开奖结果体彩网:said that the event has been delayed from early August, without providing a new date.

Key Metric: Deliveries

Tesla's 澳洲幸运5官方开奖结果体彩网:better-than-expected Q2 delivery numb♋💮ers recently helped to spark a 澳洲幸运5官方开奖结果体彩网:substantial rally for the EV maker's stock.

While deliveries were lower than last year's second quarter, the figures underscored a strong quarter for much fo the EV market. Deliveries from 澳洲幸运5官方开奖结果体彩网:EV startup Rivian (RIVN) rose, while some of Tesla's competitors in China have 澳洲幸运5官方开奖结果体彩网:reported positive sales data in recent weeks.

Legacy automakers like 澳洲幸运5官方开奖结果体彩网:General Motors (GM) and Ford (F) also posted pos🦩itive🐲 EV sales figures, with their second-quarter EV sales growing 40% and 61%, respectively.

Business Spotlight: Robotaxi Event Delay

Last week, Musk said Tesla's robotaxi event had been delayed from Aug. 8 so more prototypes could be produced. Musk said the delay was due to a design change he had requested, and said the extra time could allow Tesla to showcase "a few other things" at the event.

Baird analysts said that new versions of Tesla's self-driving platforms could be one of the "few other things" Musk was referring to, along with a lower-cost model. In the 澳洲幸运5官方开奖结果体彩网:company's latest earnings call in April, Musk said Tesla planned to start production on "more affordable" model🅘s late this y🀅ear or in early 2025.

Tesla shares have lost about 0.4% for the year so far, at $247.40 as of 1:50 p.m. ET Tuesday, ahead of the EV maker's earnings report after the bell.