In the second quarter of 2020 Tesla generated 86% of its reported $6.0 billion in revenues from car sales. The company’s growing energy storage business and shrinking solar business, the legacy of the old SolarCity, compose the balance of Tesla’s revenues. I am seeing a Wall Street consensus of $8.1 billion in revenues for Tesla for the third quarter of 2020 and $9.5 billion for the fourth quarter of 2020. That will only come when those bulls realize their estimates are overly optimistic. No amount of “soft” revenues—from sales of ZEV credits or revenues recognized from selling Tesla's non-functional Full Self-Driving feature—will allow Tesla to generate $8.1 billion in revenues in the third quarter.

Source: Forbes September 02, 2020 21:00 UTC