EV manufacturer Tesla (TSLA) is set to release its first-quarter 2025 earnings on April 22, and all eyes are on whether the stock is worth a look before the big reveal. Tesla stock has already tumbled more than 40% so far this year, dragged down by Elon Musk’s growing political activity, disappointing Q1 delivery numbers, rising tariff risks, and growing brand backlash. Wall Street analysts expect Tesla to report earnings of $0.43 per share, down 4% year-over-year, and revenues of $21.45 billion, up just 0.7%. With five EPS misses in the last nine quarters, investors are eager to see if Tesla can bounce back.
Recent Event to Consider Ahead of Q1
Earlier this month, Tesla reported its Q1 delivery numbers, falling short of expectations. The company delivered 336,681 vehicles, missing analysts’ forecast of 377,592. Also, deliveries were down 13% year-over-year, making it Tesla’s weakest quarter in three years.
According to Main Street Data, Tesla delivered about 324,000 units of the Model 3 and Model Y in Q1, with another 12,900 coming from other models, including the Cybertruck. Despite the overall slowdown, the Model Y remained one of Tesla’s best performers.
Analysts’ Views on TSLA Ahead of Q1 Print
Ahead of Tesla’s Q1 earnings results, Barclays analyst Dan Levy has reduced his price target for Tesla from $325 to $275, maintaining a Neutral rating on the stock. Levy cites several concerns, including “weak fundamentals” for Q1, anticipated declines in gross margins due to reduced production volumes and inefficiencies, and expectations of a decrease in vehicle deliveries in 2025.
Meanwhile, BNP Paribas analyst Stuart Pearson has lowered his price target on Tesla to $137 from $150 while sticking with a Sell rating. Pearson sees a tough road ahead for Tesla, expecting weak Q1 results as demand slows and profits shrink. He pointed to rising costs from tariffs, fewer emissions credit sales, and the risk of losing U.S. EV tax incentives as key headwinds. Given these challenges, he also cut his 2026 earnings forecast by 38%.
Options Traders Anticipate a Large Move
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you.
Indeed, it currently says that options traders are expecting a 10.41% move in either direction.
Is Tesla a Buy, Sell, or Hold?
Overall, TSLA stock has a Hold consensus rating on TipRanks, based on 16 Buys, 11 Holds, and 12 Sell ratings. Also, the average Tesla price target of $298.38 implies 23.62% upside potential from current levels.
