The new date is Jul 20, 2022.
After the company reported second-quarter results that largely beat Wall Street expectations, the company's shares jumped.
The streak of record profits came to an end in the second quarter.
The electric vehicle maker reported mixed earnings, which showed production in the second quarter taking a hit from supply chain disruptions and a factory shut down in China.
While revenue was up 42% from a year ago, it was down from a record high of $18.7 billion in the previous quarter.
The analysts were expecting a profit of $1.9 billion and revenue of $17.1 billion.
It was expected that earnings would take a hit from China's two-month Covid-19 lock-up in Shanghai, which resulted in the closing ofTesla's plant there.
In June, Musk said that he had a bad feeling about the economy.
Growth fell from the previous two quarters despite the fact that it did jump compared to a year ago.
In the second quarter, the company delivered more electric vehicles than a year ago but less than the first quarter. The company's stock has fallen more than 40% this year as analysts grow more skeptical about the company's production targets. In April, Musk predicted that the company would produce more than 1.5 million vehicles in 2022.
Forbes calculated how much Musk is worth. The richest person in the world increased his net worth by nearly $2 billion on Wednesday as his stock price increased.
The stock losses of the company were top $575 billion as investor patience wore thin.
Analysts say that the stock can jump another 50% in the years to come.
The quarterly profit of the company was more than $3 billion.
All Rights Reserved © 2024
