A vehicle transport truck arrives with Tesla Model Y vehicles at the company's store in Colma, California, US, on Thursday, Oct. 9, 2025.
Tesla is set to report earnings after the bell on Wednesday.
Here's what analysts are expecting, according to an average of estimates compiled by LSEG:
Earnings per share : 54 cents
: 54 cents Revenue: $26.37 billion
Following two straight year-over-year revenue declines, Tesla is expected to return to growth, for one quarter at least, with analysts expecting an increase of 4.7% from $25.18 billion a year earlier. However, early projections for the fourth quarter show revenue dropping 1.2%, according to LSEG.
On Tesla's last earnings call in July, CEO Elon Musk and finance chief Vaibhav Taneja warned shareholders about the impact of higher tariff costs and the expiration of federal electric vehicle tax credits.
The end of the tax credits, tied to President Donald Trump's spending bill, pulled sales forward for Tesla and other electric vehicle makers as consumers rushed to take advantage of the incentive before it went away.
Earlier this month, Tesla reported deliveries of 497,099 vehicles for the third quarter, a record, on total production of 447,450 vehicles. However, through the first three quarters, deliveries stood at around 1.2 million, down about 6% compared to the same period of 2024.
Deliveries are the closest approximation of vehicle sales reported by Tesla but are not precisely defined in the company's shareholder communications.
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