Tesla slides ahead of results, car demand in focus
TSLA•Stock performance and valuation
- The stock has fallen about 16% year to date, underperforming the Nasdaq's .IXIC roughly 11% rise.
- TSLA remains down about 23% from its record high close on Dec. 15, 2025.
- The stock recently traded at 161 times expected earnings, well above its five-year average forward P/E of 99, according to LSEG.
- The average rating of 55 analysts is "hold," with 24 "buy" or "strong buy" ratings, 24 "hold" and seven "sell" recommendations.
Revenue and earnings expectations
- The electric vehicle maker is expected to report quarterly revenue up 14% to $25.71 billion and adjusted EPS of $0.51, versus $0.40 a year ago, according to LSEG.
- The company posted record second-quarter deliveries in early July, fueled by a rebound in Europe, but analysts remain cautious on U.S. demand following expiration of EV tax credits.
Shares slip ahead of quarterly results
- Tesla TSLA.O shares were declining 0.2% on Wednesday ahead of quarterly results due after the bell, with investors focused on vehicle demand trends and AI capex spending.
- CEO Elon Musk has pivoted focus from making cars to self-driving taxis and humanoid robots. Spending on AI infrastructure, including data centers, and manufacturing capacity is projected to climb to $25 billion this year, outstripping quarterly cash generated by TSLA's core automotive and energy operations.
