AI progress and autonomous vehicle expansion set to dominate Wednesday's earnings call, says the bank. Tesla Inc's (NASDAQ:TSLA) artificial intelligence ambitions and the early-stage rollout of its robotaxi service will be the central focus when the electric vehicle maker reports its first-quarter 2026 results on Wednesday, according to Wedbush Securities, which maintains an 'outperform' rating and a $600 price target on the stock.
Imperial Oil (IMO) in focus as oil prices stay elevated amid Iran tensions, with markets weighing energy risks, inflation pressure and global growth signals.
Tesla TSLA helps headline a stacked earnings schedule this week, reflecting the first of the Mag 7 reports we'll get. The stock has delivered underperformance relative to the S&P 500 YTD so far, down roughly 13% while also facing some pressure following its latest quarterly release near the end of January.
Furious Tesla owners are mounting legal battles against the electric vehicle giant, accusing billionaire CEO Elon Musk of overpromising and under-delivering on self-driving capabilities.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) reports first-quarter 2026 results on April 22 after the market close.
Shares of Tesla declined more than 2% on Monday, underperforming broader US equity markets. The move came as investors turned cautious ahead of the company's first-quarter earnings report and awaited updates on its artificial intelligence strategy.
Tensions in the Middle East have tightened the global oil spigot once more.
Wall Street heads into the new week juggling three major forces: a packed earnings calendar, fast-moving geopolitical risks in the Middle East, and a series of macro events that could shape interest rate expectations. Even after the S&P 500 ended last week at a record high, sentiment is starting to feel more fragile as investors weigh whether the rally can hold up against rising uncertainty.
Tesla heads into Q1 earnings with mixed signals- rising YoY deliveries, falling energy deployments, and heavy spending. Let's see if TSLA is a buy now.
Tesla is uniquely positioned as the West's only tech manufacturer integrating hardware, software, and AI at scale. Its next bull one may be one catalyst away. I maintain a STRONG BUY rating, targeting a $10 trillion valuation driven by leadership in robotaxis, software microchips, robotics, and vertical integration. Tesla is an asymmetric bet on physical AI. Near-term catalysts to look out for at Q1 earnings include updates on Optimus robotics, FSD/robotaxis expansion, and Terafab chip production timelines.
Tesla's sky-high valuations have always been a negative for the stock as its big automotive segment faces a variety of challenges. Until now, that is. The company has two potentially massive growth drivers. The first is its energy storage segment and the other is robotaxis, which could be the future of the company. Projections for these segments' revenues and profits are enough to justify the stock's valuations, even if the automotive business slumps and even though its move towards robotics isn't factored in.
Tesla is slated to report earnings after the closing bell Wednesday, with traders anticipating a big move from the electric vehicle maker's stock following the results.