On Wednesday, August 2nd, Tesla (TSLA) will release its second quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of F.Dave will look at Tesla past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Delta ahead of earnings.Tesla in FocusTesla Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products. It operates primarily in the United States, China, Norway and internationally. Tesla Inc., formerly known as Tesla Motors Inc., is headquartered in Palo Alto, California.Tesla is expected to report earnings at -$2.00 per share. Tesla reported earnings last quarter at -$1.97 per share, missing the Zacks Consensus Estimate by -$0.67 last quarter. Tesla has an average surprise of -29.89% over the last 4 quarters.Tesla Inc. Price, Consensus and EPS Surprise Tesla Inc. Price, Consensus and EPS Surprise | Tesla Inc. QuoteBottom LineHow should investors play Tesla ahead of their earnings report? For insights on the best options trades, then tune in at 11:00am CST today to see David’s thoughts.Will You Make a Fortune on the Shift to Electric Cars?Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.It's not the one you think.See This Ticker Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here.