Electric vehicle giant Tesla Inc. is expected to provide an update on demand and the performance of its robotaxi tests when the company reports its second-quarter financial results after the market close on Wednesday. Here are the key points to watch:
Earnings Estimates
Analysts expect Tesla to report second-quarter revenue of $22.79 billion, down from $25.50 billion in last year’s second quarter. The company has missed analyst estimates for revenue in three straight quarters and missed estimates in six of the last seven quarters overall. Analysts expect Tesla to report second-quarter earnings per share of 42 cents per share, down from 52 cents per share in last year’s second quarter.
What Analysts Are Saying
Tesla analysts are mixed ahead of the second-quarter report, with several Neutral ratings and downgrades expected in July. Wedbush analyst Dan Ives remains bullish on Tesla, maintaining an Outperform rating and $500 price target. Ives said the Street will focus on demand stabilization and robotaxi expansion, highlighting the differences between Tesla’s performance in July and April.
Key Points to Watch
Investors and analysts will be watching several key items in Tesla’s financial results and conference call, including:
- Robotaxis
- Tariffs
- Tesla Diner
- Cybertruck demand
- EV tax credits
- Trump administration impact
- China
- Europe
- A vote on xAI ownership
Recent Analyst Ratings
Here are some recent analyst ratings on Tesla:
- Goldman Sachs: Maintained Neutral rating, lowered price target from $315 to $285
- Mizuho: Maintained Outperform rating, lowered price target from $390 to $375
- Guggenheim: Reiterated Sell rating with $175 price target
- William Blair: Downgraded from Outperform to Market Perform rating with no price target
Tesla’s Deliveries and Production
Tesla already reported second-quarter deliveries of 384,122, which were down from 443,956 in last year’s second quarter. Production of 410,244 units in the quarter was down slightly from 410,831 in last year’s second quarter.
Cybertruck Demand
The Cybertruck has fallen behind the F-150 Lightning and Hummer EV for third place among electric pickup trucks. Original production plans called for capacity to make 250,000 Cybertrucks annually, but the vehicle is selling less than 50,000 per year. Tesla could comment on the future of the vehicle.
Other Key Points
- Tesla CEO Elon Musk will likely be asked multiple questions about the current White House administration and President Donald Trump.
- The company may not comment on its Bitcoin holdings, but it could become a future catalyst with the elimination of corporate tax credits for EV companies acquired by other automakers.
- Investors and analysts will want to hear more about full-year guidance, which was not provided after the first-quarter results.
- Timelines from the company will be closely watched, including the expected start of production of more affordable models in the first half of 2025 and the Cybercab’s volume production in 2026.
TSLA Price Action
Tesla stock was up 1.1% to $332.11 on Tuesday, versus a 52-week trading range of $182.00 to $488.54. Tesla stock is down 12.4% year-to-date in 2025.