Shares of Tesla, Inc. ( TSLA ) rose in premarket trading on Tuesday as the electric vehicle maker gears up to unveil its second-quarter earnings.

After the Elon Musk-led company managed to beat subdued delivery expectations earlier this month, analysts have upped their estimates. The stock has had a stellar run following the second-quarter sales report, rising to a high of $271 on July 11 before retracing some of the up move.

Analysts, on average, expect Tesla to report second-quarter earnings of $0.62 per share versus $0.91 per share a year ago. The earnings per share estimate has improved from the $0.59 seen a month ago. Revenue may have seen a more modest 0.60% year-over-year drop to $24.77 billion.

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Fund Manager Gary Black says the auto gross margin, excluding regulatory credits, is the key metric investors will likely watch for in the earnings report.

The earnings call hosted by Team Musk is important, given comments from the call will give additional visibility into the near- and mid-term direction. Investors may seek clarity on robotaxis, whose launch event was postponed, the full self-driving technology’s status, and the company’s ancillary businesses.

In premarket trading, the stock climbed 1.39% to $255, according to Benzinga Pro data. The stock has gained 1.2% year-to-date, and yet underperforming the S&P 500’s 16.7% jump.

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