GoKawiilElon Musk waves to the crowd during the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 22, 2026.
Tesla reports first-quarter results after the bell on Wednesday.
Here's what Wall Street is expecting, according estimates compiled by LSEG:
Earnings per share : 37 cents estimated
: 37 cents estimated Revenue: $22.64 billion estimated
Tesla has underperformed all of its megacap peers on Wall Street so far this year, with the stock down 14% as of Tuesday's close, weighed down by lackluster sales in the company's core automotive business. The S&P 500 is up more than 3%.
Analysts expect revenue growth of about 17% from $19.3 billion a year earlier. That would mark the company's most robust period for growth since mid-2023.
The past year has been a struggle due to competitors like China's Xiaomi and BYD, which offer high-tech but lower cost models against Tesla's aging lineup of EVs. Tesla also faces an ongoing consumer backlash in response to CEO Elon Musk's work with the Trump administration, his incendiary political rhetoric and endorsements of far-right political figures.
Earlier this month, Tesla reported 358,023 vehicle deliveries for the first quarter, which was lower than the prior quarter and up about 6% from a year earlier. Tesla has recorded annual declines in the past two years.
Musk has been trying to change the narrative by focusing on the company's efforts in self-driving technology and humanoid robots. While the company is testing a small number of driverless cars in its ride-hailing service in Texas, Tesla still relies on EV sales for the bulk of its revenue, and doesn't yet sell a robotaxi-ready vehicle.
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