What to Watch Wednesday: Tesla Results, ADP Employment Report

On Wednesday, August 3, investors will get quarterly results from Tesla (TSLA) - Get Report and key labor market data. Analysts expect the automaker to report a second quarter loss of $0.55 a share on sales of $1.62 billion. During the same quarter a year ago, Tesla posted a loss of $0.48 a share on revenue of $1.2 billion. Investors will be looking for updates on Model 3 sales and the company's recent agreement to acquire SolarCity (SCTY) . Other notable earnings include Time Warner (TWX) , The Clorox Company (CLX) - Get Report and Occidental Petroleum (OXY) - Get Report . On the economic calendar, the ADP Employment Report for July is released at 8:30am Eastern. Economists expect private payrolls to rise by 165,000. At 10:30am Eastern, the EIA Petroleum Status Report is released. Crude inventories are expected to increase by 1.7 million barrels for the week of July 29. TheStreet's Scott Gamm reports from Wall Street.