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PREVIEW: Tesla shares rise ahead of Q1 results

ReutersApr 22, 2025 2:44 PM

Shares of electric automaker Tesla TSLA.O rise 3.4% to $235.2 ahead of Q1 earnings expected after markets close

TSLA expected to report revenue of $21.11 bln in Q1, down about 1% from a year ago- LSEG data

Analysts estimate Q1 adjusted EPS of 39 cents/shr vs 45 cents/shr a year earlier

"Some investors hope his (Tesla CEO Elon Musk) ties to Trump could protect Tesla from the worst tariffs, but this risks alienating Chinese consumers, who drove over 20% of Tesla's 2024 revenue in the world's largest EV market," said Josh Gilbert, market analyst at eToro

"Tesla needs to launch its new affordable vehicle in order to increase deliveries. We think Tesla's current product lineup is near full market saturation in the luxury auto segment," Morningstar analyst Seth Goldstein said

Up to last close, stock had fallen ~44% YTD

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