Overview

• Analysts forecast Q2 deliveries to fall 13.5%, revenue to decline about 12%, and earnings per share to tumble up to a third year-over-year.
• Tesla’s July 23 earnings call is set to emphasize progress on AI, the Austin robotaxi rollout and Musk’s political activities over core financials.
• The scheduled end of the U.S. EV tax credit in September could prompt Tesla to revise its 2025 delivery outlook as demand softens.
• Aggressive global price cuts and growing competition have eroded Tesla’s U.S. market share and chiseled away at its profit margins.
• Broker ratings for Tesla stock span from $115 to $500, with the average price target roughly 9% below current levels.