Tesla's Q1 earnings picture looks bleak, with many analysts lowering their target price.
Tesla will report earnings from the first three months of 2025 Tuesday, which analysts expect will reveal the electric vehicle firm's worst quarter in years as CEO Elon Musk's outspoken White House role weighed heavily on the company's performance.
The carmaker is expected to report a decline in quarterly earnings after Tesla's brand suffered because of its chief executive's role in the Trump administration.
The consensus among analysts is that Tesla Inc. (NASDAQ: TSLA) revenue for the most recent quarter, which it will announce today, will be $21.3 billion.
It wasn't long ago that Tesla Inc (NASDAQ:TSLA) was the crown jewel of many a UK investor's portfolio. Held in tech-heavy global equity funds, plugged into pensions and ISAs, and chased by retail investors eager to back Elon Musk's vision, the electric vehicle maker had all the ingredients of a growth story: scale, innovation, and a charismatic leader at the helm.
Mike Khouw, OpenInterest.Pro chief strategist, joins CNBC's Melissa Lee and the Options Action traders.
Tesla shares dropped almost 6% on Monday, a day ahead of the company's first-quarter earnings report. Investors are seeking answers about CEO Elon Musk's plans for the automaker, as he spends much of his time with the Trump administration, slashing the U.S. federal government.
Tesla Inc (NASDAQ:TSLA) stock is down 7.1% to trade at $224.28 at last glance, one of the worst-performing Nasdaq Composite (IXIC) components today.
Brian Mulberry says the "most likely outcome" for Tesla's (TSLA) earnings will be a decline in vehicle unit sales. However, there is a profitable model he sees in the Mag 7 giant's energy business.
Tesla's "company update" on Tuesday will offer insight into its performance amid a challenging year. Watchers will be listening for how Elon Musk backlash has affected Tesla and a potential DOGE end-date for the CEO.
As the market braces for Tesla's earnings report, the confluence of tariff pressures, political headwinds, and uncertainty surrounding the Robotaxi launch create a formidable challenge for the EV giant.
Analysts at Wedbush have defended their bullish position on Tesla Inc (NASDAQ:TSLA) despite its ongoing challenges ahead of the company's first quarter earnings report due after markets close on Tuesday. “As one of the biggest supporters of Tesla over the last decade we have been through many highs and lows on the Tesla story and each time with the back against the wall [CEO Elon] Musk was able to turn things around on the Tesla story,” they wrote in a note.