Tesla Inc. investors are eagerly awaiting the company’s first-quarter financial results, which are set to be released after the market close on Tuesday. The earnings report is expected to provide insights into the company’s performance, guidance, and updates on its Full Self-Driving (FSD) technology, new electric vehicle models, and the impact of tariffs.
Earnings Estimates
Analysts expect Tesla to report first-quarter revenue of $21.35 billion, a slight increase from $21.30 billion in the same quarter last year. Earnings per share (EPS) are expected to be 41 cents, down from 45 cents in the previous year. The company has missed analyst estimates for EPS in five of the last six quarters and six of the last 10 quarters overall.
What Experts Are Saying
Experts have mixed opinions about Tesla’s performance. Jay Woods, Freedom Capital Markets chief global strategist, believes that Tesla sales are falling, particularly in Europe, and that CEO Elon Musk’s focus could be elsewhere. Woods wrote in a weekly newsletter that Tesla stock has made a full reversal since its “post-election rally” and is poised to move again. However, he cautioned that the stock could fall to August 2024 lows around $180 if there is weakness.
Other analysts, such as Wedbush analyst Daniel Ives, have been arguing that Musk should focus more time on Tesla. RBC Capital analyst Tom Narayan maintained an Outperform rating on Tesla while lowering the price target from $440 to $320 in March. Cantor Fitzgerald’s Andres Sheppard upgraded Tesla stock from Neutral to Overweight with a $425 price target last month, citing an attractive entry point ahead of catalysts like the Robotaxi introduction and the rollout of Full Self-Driving.
Key Items to Watch
After missing analyst estimates for first-quarter deliveries, any guidance from the company for full-year deliveries will be closely watched by analysts and investors. Updates on new vehicles, including more affordable models, will also be closely watched. Tariffs and macroeconomic conditions remain concerns for the company, and investors are worried about their impact on Tesla’s business.
The top requested shareholder questions for the first quarter center on several topics, including FSD, Robotaxis, tariffs, and new models. While Tesla may be better positioned to handle tariffs on countries like Canada and Mexico, investors are still worried about their impact. A top question on “brand damage” could also be significant, as multiple studies and reports have shown that sales have declined and the company’s brand has suffered since Musk’s political involvement in politics grew.
TSLA Price Action
Tesla stock was down 6% to $227.42 on Monday, with a 52-week trading range of $138.80 to $488.54. Tesla stock is down 40% year-to-date in 2025, while shares remain up 60.1% over the last year.
Analyst Ratings and Price Targets
Here are some recent analyst ratings and price targets for Tesla:
- Piper Sandler: Maintained Overweight rating, lowered price target from $450 to $400
- UBS: Maintained Sell rating, lowered price target from $225 to $190
- Mizuho: Maintained Outperform rating, lowered price target from $430 to $375
- Benchmark: Maintained Buy rating, lowered price target from $475 to $350
- Wedbush: Maintained Outperform rating, lowered price target from $550 to $315
- Goldman Sachs: Maintained Neutral rating, lowered price target from $320 to $275
Investors will be watching closely to see how Tesla’s earnings report will impact the company’s stock price and overall performance. Will the company’s guidance and updates on its FSD technology and new vehicle models be enough to steer the stock out of the ditch, or will the concerns about tariffs and brand damage continue to weigh on the company’s shares? Only time will tell.