Tesla’s third-quarter earnings report is poised to serve as a benchmark for the electric vehicle sector and the technology industry as a whole. As the first of the Magnificent 7 stocks to report this earnings season, all eyes are on the company’s performance.
Earnings Estimates
Analysts expect Tesla to report third-quarter revenue of $26.16 billion, a increase from $25.18 billion in the same quarter last year. However, the company has missed analyst estimates for revenue in four consecutive quarters and in seven of the last 10 quarters overall.
- Expected revenue: $26.16 billion
- Expected earnings per share: 53 cents, down from 72 cents per share in the same quarter last year
What Experts Are Saying
Cantor Fitzgerald analyst Andres Sheppard attributes Tesla’s beating of third-quarter delivery estimates to a “push-forward effect” caused by the expiration of the $7,500 EV tax credit. Sheppard expects a weaker fourth quarter for deliveries and maintains an Overweight rating with a $355 price target.
Wedbush analyst Dan Ives is focused on key areas like robotaxis, artificial intelligence, and China, stating that “the Tesla story going forward is around the AI transformation being led by the autonomous and robotics initiatives.” Ives maintains an Outperform rating with a $600 price target.
Key Items to Watch
- Fourth-quarter demand and expectations: With the expiration of the federal EV tax credit, attention will turn to commentary on fourth-quarter demand.
- Cybertruck demand: Declining demand for the Cybertruck may prompt questions about Tesla’s plans for the vehicle’s future.
- Vehicle timelines: Analysts and investors will scrutinize vehicle timelines to determine if Tesla’s plans for volume production of the Tesla Semi and Cybertruck in 2026 remain on track.
- AI and robotics: This quarter’s commentary on AI and robotics could provide insight into the company’s future growth plans.
TSLA Price Action
Tesla stock currently trades at $445.22, with a 52-week trading range of $212.11 to $488.54. The stock is up 17.4% year-to-date in 2025.
Conclusion
Tesla’s Q3 earnings report will provide valuable insight into the company’s performance and the state of the electric vehicle sector. With analysts and investors watching closely, the report will be a key factor in determining the company’s future trajectory.