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Tesla will release its first-quarter earnings after the closing bell on Tuesday.
Shares in the electric-vehicle maker were down 44% year-to-date through Tuesday.
Investors are on high alert for key details on self-driving initiatives and robotaxis.

Tesla will report first-quarter earnings on Tuesday after the closing bell.

Wall Street is leaning bearish heading into the results as uncertainty swirls around CEO Elon Musk’s involvement with the US government. Investors will be listening for updates on margins, robotaxis, the Cybertruck, and a more affordable Tesla model.

Tesla’s earnings-release time is roughly 4:30 p.m. ET, and its conference call with analysts will start around 5:30 p.m. ET.

Tesla’s stock was down 44% year-to-date through Monday’s close, lagging the S&P 500‘s 11% loss.

2025-04-22T15:55:42Z

6 things to look out for in Tesla’s earnings release and ‘live company update’

Tesla’s earnings report and follow-up presentation (which it’s calling a “live company update” this time, sparking speculation that the company could show off something new) will be closely watched by both investors and fans.

Here are six things to look out for:

The impact of the Elon Musk backlash on Tesla’s bottom lineA possible end date for Elon Musk’s DOGE workAn update on a ‘more affordable’ Tesla Robotaxi service rollout in Austin More details on its Optimus humanoid robotImpact of Trump tariffs

You can dive deeper into each of those topics here.

2025-04-22T15:45:51Z

Wedbush: This is a ‘Code Red Situation’ for Elon Musk

Wedbush analyst Dan Ives, who has long been bullish on Tesla, said in a note on Sunday that Elon Musk is facing a “Code Red Situation.”

According to Ives, Musk needs to distance himself from the government’s DOGE committee, which investors worry is distracting him from Tesla this year and turning the EV maker’s brand into a political talking point.

Ives wants to see a number of announcements on Tuesday, including: a date for its cyber taxi network to be rolled out, when investors can expect a low-cost vehicle to enter production, a sales timeline for its Optimus robot, and how the company will return to growth in 2025.

Wedbush rates Tesla at “Outperform” with a $315 price target.

2025-04-22T15:00:33Z

JPMorgan warns of “unprecedented brand damage”

A parking lot in front of a large building with the Tesla logo on the side.

The Tesla factory in Fremont, California.

Justin Sullivan/Getty Images

JPMorgan reduced its earnings estimates for Tesla following its weak first-quarter delivery results.

Following the results, the bank said it “may have underestimated the degree of consumer reaction” to Tesla and Elon Musk.

“The trend in Tesla sales is worse than we and the market had appreciated, prompting us to lower our already below consensus estimates accordingly and to expect consensus to decline further, toward our new lower estimates,” JPMorgan said.

The bank expects Tesla to sell about 1.7 million vehicles in 2025 and earn $2.30 per share in the full year.

JPMorgan rates Tesla at “Underweight” with a $120 price target.

2025-04-22T14:00:35Z

Tesla earnings expectations: First-quarter adjusted EPS estimate is $0.44

First quarter

Adjusted EPS estimate: $0.44EPS estimate: $0.33Revenue estimate: $21.43 billionGross margin estimate: 16.1%Operating income estimate: $1.16 billionFree cash flow estimate: $1.08 billionCapital expenditure estimate: $2.49 billion

Full year

Production estimate: 2.01 millionDeliveries estimate: 1.81 millionCapital expenditure estimate: $11.32 billion

Source: Bloomberg data