Will Tesla’s Quarterly Revenue Get Battered?

By Douglas A. McIntyre Published Apr 22, 9:20AM EDT

Quick Read

Expectations are low for Tesla Inc.’s (NASDAQ: TSLA) latest quarterly results.
A disappointing quarter for the EV maker means the stock will likely continue to fall.

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Will Tesla’s Quarterly Revenue Get Battered? — © jetcityimage / iStock Editorial via Getty Images

The consensus among analysts is that Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction) revenue for the most recent quarter, which it will announce today, will be $21.3 billion. That would be down very slightly from the same quarter last year. Earnings are forecast to be $0.42 per share, compared to $0.45 in the same quarter a year ago. If Tesla misses those numbers, it will confirm fears that pushed shares down 44% last year.

Tesla has already released global first-quarter deliveries of 333,681, compared to estimates of 390,392. It was Tesla’s worst quarter since 2022. Tesla’s sales dropped across many of the countries that contribute considerably to its sales figures. They were down in every EU country in the first quarter and in China over the same period as well. In China, Tesla blamed this on production issues.

Poor deliveries are probably “baked in” to the current stock price. That leaves a few open issues. The first is whether Tesla gives guidance that shows it expects sales to move much higher for the year’s balance. The other question is whether Elon Musk will end his work for the Trump administration and return to his job running the electric vehicle (EV) maker.

Tesla has to show that it can overcome issues that have become critical in the past year. One is whether China companies, led by BYD, will continue to take Tesla’s market share there. Another is the effect China’s tariffs may have on Tesla’s profits. The final one is whether legacy car companies like GM and Ford continue to post increases in market share in the United States. These companies lose huge amounts of money in their EV operations, but they continue to increase their EV fleets nonetheless.

Some investors are willing to wait for new Tesla products, including its robotaxi and a less expensive vehicle for the U.S. market, which may cost $25,000 or less. Management has moved the launch of the inexpensive model to next year. This means a surprise announcement during Tesla’s quarterly call with investors is unlikely.

A bad quarter means the stock will likely continue to fall

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.