Tesla Q1 Test Drive: Will Earnings Steer The Stock Out Of The Ditch?
Tesla Inc. is set to report its Q1 earnings on Tuesday, with expectations of 41 cents per share and $21.35 billion in revenue. Despite a 69.93% increase over the past year, the stock has fallen 36.36% year-to-date. Analysts maintain a 'Buy' rating with a price target of $298.14, but current trends show a bearish outlook, with the stock trading below key moving averages. The MACD indicates potential further downside, while the RSI suggests it may be oversold, setting the stage for a possible bounce if earnings exceed expectations.
Tesla Inc TSLA will report its first-quarter earnings on Tuesday after market hours.
Wall Street expects the company to report 41 cents per share earned on revenue of $21.35 billion for the quarter. Investors are watching closely to see if CEO Elon Musk can jolt the narrative around a slumping stock.
The stock is up 69.93% over the past year but has crashed 36.36% year-to-date.
Let's look at what the charts indicate for Tesla stock and how it currently maps against Wall Street estimates.
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Tesla Stock Chart Bearish Ahead Of Q1 Earnings
Tesla stock was trading lower pre-market Monday following reports the company is pushing back the U.S. debut of an affordable Model Y. That’s not exactly the spark bulls were hoping for- and the charts are echoing that pessimism loud and clear.
Chart created using Benzinga Pro
Technically, Tesla stock is in a strongly bearish trend, with the share price below the five, 20 and 50-day exponential moving averages. It's also flashing bearish signals across all major simple moving averages:
- Eight-day SMA: $248.73 vs. TSLA stock at $231.79
- 20-day SMA: $333.49
- 50-day SMA: $276.67
- 200-day SMA: $249.33
The Moving Average Convergence Divergence (MACD) sits at a negative 18.29, signaling more downside, while a Relative Strength Index (RSI) of 37.06 suggests the stock is heading towards being oversold – potentially setting up a bounce if earnings surprise to the upside.
Tesla Stock Analysts Consensus Ratings
Ratings & Consensus Estimates: The consensus analysts rating on Tesla stock stands at a Buy, with a consensus price target of $298.14.
The three most recent analyst notes—from Piper Sandler, UBS, and Mizuho—were all released in April and suggest an average price target of $321.67, implying a 39.07% upside from current levels.
TSLA Price Action: Tesla stock closed the trading day on Thursday at $241.37, down 0.07%.
Read Next:
- 2025 ‘Largely Doesn’t Matter’ For Tesla, Says Gene Munster: Elon Musk Company Poised ‘For A Major Rebound In 2026 And Beyond’
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