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For the first time ever, there's actually nothing to look for in Tesla's earnings (TSLA)

For the first time ever, there's actually nothing to look for in Tesla's earnings (TSLA)




Tesla reports fourth-quarter and full-year 2019 earnings after the bell on Wednesday.




Analysts expect another profitable quarter, a rare event in Tesla's 16-year history.




But maybe overly rewarded: the stock is at crazy high levels, and the market cap is more than Ford's and GM's combined.




Meanwhile, the electric-vehicle market is terrible. Just 2% of global auto sales are EVs.




If that doesn't change, Tesla could find itself in the awkward position of having to spend staggering amounts of money to single-handedly grow its own demand.




Visit Business Insider's homepage for more stories.



Nothing to see here. Move along.
That's how we should approach Tesla's fourth-quarter and full-year 2019 earnings, which should be announced on Wednesday after the markets close.
On an adjusted basis, Tesla is expected to report a profit of about $1.65 per share for the quarter, on revenue in the $7-billion ballpark.
That would make for a third straight profitable quarter, bringing Tesla as close as the company has been in its 16-year history to a full-year profit; positive quarterly margins have been rare birds for CEO Elon Musk's electric carmaker.
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