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Wall Street analysts and investors are hoping Tesla's record stock run will continue when the company reports its second-quarter earnings report on Wednesday after the bell.
But the company has a lot to prove with a slim margin for error, analysts say.
Shares of Tesla are up 1% in midday trading to $1,584. The red-hot stock is also up nearly 280% this year.
If Tesla reports its fourth straight quarter of profits, the company would be eligible for inclusion in to the S&P 500.
Analysts are watching for updates on China and Model 3 demand, electric vehicle competition, Gigafactory location announcements, as well as any impact the pandemic has had on the company.
Despite the coronavirus crisis, the company managed to report higher-than-expected second-quarter deliveries on July 2 and has its battery day coming up on September 22.
Here's what else analysts are watching for with Tesla earnings: