Electric vehicle giant Tesla Inc is set to report its second-quarter financial results. The company may highlight its progress in robotaxis, FSD, and humanoid robots during the report.
Tesla Q2 Earnings Estimates
Analysts expect Tesla to report second-quarter revenue of $25.24 billion, up from $22.50 billion in last year’s second quarter. The company has beaten analyst estimates for revenue in four straight quarters and in five of the last 10 quarters overall. Analysts expect Tesla to report second-quarter earnings per share of 44 cents, up from 40 cents per share in last year’s second quarter.
What Experts Are Saying
Tesla investors are looking for second-quarter results to show signs of improvement, with the stock being one of the worst performing in 2026. According to Freedom Capital Markets Chief Market Strategist Jay Woods, AI will be the top thing on the mind of Tesla investors for the earnings report. Woods expects investors to watch margins closely to see if they stabilize after pricing pressure in recent quarters.
Deepwater Management Managing Partner Gene Munster says investors will be watching for higher capex, automotive gross margins, an update on the robotaxi rollout, and an update on the Cybercab production ramp. Munster expects one minor update to be that Cybercab production ramp to shift from late 2026 to the first half of 2027.
Recent Analyst Ratings
Here are recent analyst ratings on Tesla stock and their price targets:
- GLJ Research: Reiterated Sell rating, price target $24.86
- Morgan Stanley: Maintained Equal-Weight rating, raised price target from $415 to $417
- Barclays: Maintained Equal-Weight rating, raised price target from $360 to $370
- Wells Fargo: Maintained Underweight rating, raised price target from $125 to $130
Key Items to Watch
Tesla has already reported second-quarter deliveries of 480,126 vehicles, up 25% year-over-year. Investors and analysts will be watching to see if management says this was due to higher gas prices and increased demand for electric vehicles. Other key items to watch include:
- Update on Optimus, which is said to be one of the company’s biggest catalysts ever
- Update on Cybercab production ramp
- Automotive gross margins
Tesla Stock Price Action
Tesla stock was up 2.5% to $378.93 on Tuesday, versus a 52-week trading range of $297.82 to $498.82. Tesla stock is down 13.3% year-to-date in 2026, with shares near a three-month low.