Key Takeaways
- Tesla will report first-quarter earnings after the market closes on Tuesday as analysts remain divided on the electric vehicle maker.
- Revenue and adjusted profits are expected to fall year-over-year as deliveries and production have disappointed.
- The EV maker’s stock has suffered as the company has been the center of protests and controversy over CEO Elon Musk’s political efforts.
Tesla (TSLA) is scheduled to post its first-quarter earnings report after Tuesday’s bell. Analysts are divided on the electric vehicle maker leading up to the results.
Analysts tracked by Visible Alpha are split have 10 “buy” ratings, four “hold,” and four “sell” ratings. Ahead of last quarter’s report, the distribution was nine “buy,” six “hold,” and three “sell” ratings.
The mean price target, $314.41 per Visible Alpha data, represents about a 30% premium to its close on Thursday, the last trading day of a holiday-shortened week—but its recent levels but down nearly $50 from the average prior to last quarter’s earnings.
Tesla is expected to report a less than 1% decline in revenue to $21.18 billion, with adjusted earnings per share (EPS) forecast to fall by nearly 8% year-over-year to $0.42. That estimate has been cut by over 16%, while the adjusted EPS consensus estimate has fallen by over 40% since last quarter’s report was released.
Deliveries, Production Fell Short Amid Political Concerns
Earlier this week, Reuters reported that the company has paused shipments of parts from China for its semi trucks and Cybercab robotaxi called the because of the Trump administration’s tariffs, potentially delaying production and release of the vehicles.
The company’s deliveries and production numbers fell short of estimates for the second straight quarter when they were released earlier this month. The EV maker has also been the center of protests and controversy regarding CEO Elon Musk’s involvement in the Trump administration. Sales have declined in several key markets this year.
Tesla stock was one of the worst performers in the S&P 500 in the first quarter. Analysts, including even those most bullish have cut estimates for deliveries and profits this year, along with price targets. Some have called for Musk to step back from his political efforts to focus on Tesla as the stock has slid.
Tesla shares have roughly returned to their pre-election levels around $240, falling from a Dec. 17 record close of $479.86.