Tesla EV deliveries, Fed’s Powell, jobs data: What to Watch

Tesla (TSLA) will report its second-quarter EV delivery numbers Tuesday morning. Wall Street is expecting a figure of 438,000 vehicle deliveries from Tesla.

Federal Reserve Chair Jerome Powell is set to speak at a European Central Bank (ECB) event in Portugal tomorrow.

Lastly, the Job Openings and Labor Turnover Survey (JOLTS) print for the month of May is scheduled to come out July 2.

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This post was written by Luke Carberry Mogan.

Video Transcript

Time now for to watch Tuesday, July 2nd, Tesla is reporting deliveries for the second quarter and also expecting the company’s deliveries to fall.

Another drop would be the first time deliveries for Tesla have dropped for two straight quarters.

It’s coming after Chinese ev rivals including Neo and the auto reported better than expected deliveries on Monday.

Moving on to the fed chair, Jerome Powell is speaking at the European Central Bank for in Portugal in the morning.

This coming after a round of fed commentary on Friday.

Now San Francisco fed President Mary Daly saying that recent inflation data indicates monetary policy is working, but she also says that it’s too early to tell when to cut.

And finally the monthly jolts report, that’s the job openings and labor turnover survey for May coming out in the morning, economists forecasting that number to take down to just under 8 million.

The new job data tomorrow giving us more insight into the health of the labor force and coming ahead of Fry’s full jobs report.