Tesla, Inc. (TSLA) earnings on April 22, 2026
Prior outlook: Pessimistic Outcome: Accurate
The stock fell after investors expressed caution ahead of an event. It dropped as much as 4.9% during the day and closed 3.5% lower.
TSLA price around the earnings
373.62
Change: -3.5%
2026-04-23, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Analysts cautious — risk outweighs reward.
Analysts have mixed views, with some seeing potential upside but others pointing to negative growth forecasts and a history of missed earnings. Recent news shows a drop in Tesla registrations in California, and social media sentiment is very negative, despite a small recent price increase.
Context analyzed before publication
- Summary
- Analysts cautious — risk outweighs reward.
- Reasoning
- Experts note weak recent stock performance and concerning news about declining vehicle registrations. While analysts point to a modestly optimistic scenario, the company's history of missing earnings expectations and negative growth forecasts suggest a cautious approach.
- Playbook
- Given the negative trends and missed expectations, the scenario suggests a cautious approach until a clearer positive outlook emerges.
- Trend
- First evaluation, no trend yet
Analysts
Drivers
-
Analysts
Neutral
Analysts have mixed opinions, with a modest price target suggesting a modestly optimistic scenario. However, forecasts for future earnings and revenue are declining, and the company has not met earnings expectations in the past.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.4
- Analysts covering the stock
- 41
- Average price target
- 414.59
- Lowest price target
- 125
- Highest price target
- 600
- Upside to price target
- 6.4%
- Quarterly earnings growth
- -60.5%
- Revenue growth
- -3.1%
- Forward EPS
- 2.75
- Trailing EPS
- 1.1
- Analyst moves in the last 60 days
- 9
- Strong buy: 5
- Buy: 18
- Hold: 18
- Sell: 5
- Strong sell: 2
- Strong buy
- 5
- Buy
- 18
- Hold
- 18
- Sell
- 5
- Strong sell
- 2
- April 21, 2026 · Wedbush: Reiterates rating (Outperform → Outperform)
- April 15, 2026 · TD Cowen: Maintains rating (Buy → Buy)
- April 14, 2026 · UBS: Upgrades rating (Sell → Neutral)
- April 6, 2026 · Canaccord Genuity: Maintains rating (Buy → Buy)
- April 6, 2026 · Baird: Maintains rating (Outperform → Outperform)
- March 31, 2026 · Canaccord Genuity: Maintains rating (Buy → Buy)
- March 30, 2026 · GLJ Research: Reiterates rating (Sell → Sell)
- March 27, 2026 · Wedbush: Reiterates rating (Outperform → Outperform)
- March 12, 2026 · GLJ Research: Reiterates rating (Sell → Sell)
News and sentiment
Drivers
-
News & sentiment
Negative
Recent reports show a significant drop in Tesla's vehicle registrations in California. Despite this negative news, online sentiment is extremely pessimistic, which is unusual given the stock's recent small price increase.
Evidence
Sentiment
- Sentiment
- Cautious
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (7)
- California New Car Dealers Association Reports Tesla Registrations In California Fall 24.3% In Q1 — Benzinga
- Wedbush Reiterates Outperform on Tesla, Maintains $600 Price Target — Benzinga
- PG&E Approves Tesla Cybertruck For First-Of-Its-Kind Grid Program — Benzinga
- Tesla Q1 2026 Earnings Preview: Key Events From The Past Three Months — Benzinga
- Ross Gerber Reiterates FSD Refund Demand, Says Elon Musk's Tesla Needs To Make People Whole: 'Never Worked As Promised' — Benzinga
- Tesla Settles Last-Minute Over Fatal 2018 Model S Crash That Killed Florida Teen — Benzinga
- Pacific Gas and Electric And Tesla Announce That The Tesla Cybertruck, Tesla Powershare Gateway And Tesla Universal Wall Connector Have Been Approved For Participation in PG&E's Residential Vehicle‑To‑Everything Program — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's recent performance has been weak, significantly underperforming the broader market. It is currently market review much closer to its support level than its resistance level, indicating a pessimistic technical outlook.
Evidence
- Average true range (ATR)
- 3.9%
- Distance to 52-week high
- -21.9%
- 14-day change (14d)
- +2.2%
- 30-day change
- -2.4%
- 30-day relative strength
- -6.6%
- Benchmark change
- +4.3%
- Nearest support
- 337.27
- Nearest resistance
- 416.26
- Volume accumulation ratio
- 1.19
Trends
Drivers
-
Macro & trends
Negative
The company has consistently failed to meet earnings expectations, with significant shortfalls in recent quarters. This pattern of underperformance increases the perceived risk associated with the upcoming earnings report.
Evidence
- Average earnings surprise
- -19.3%
- January 28, 2026: actual EPS 0.24 vs estimate 0.34 (surprise -29.3%)
- October 22, 2025: actual EPS 0.39 vs estimate 0.44 (surprise -12.2%)
- July 23, 2025: actual EPS 0.4 vs estimate 0.4 (surprise -1.0%)
- April 22, 2025: actual EPS 0.27 vs estimate 0.41 (surprise -34.9%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 9.2%
- 75th percentile move
- 11.3%
- 90th percentile move
- 12.2%
- Up / down moves
- 9 / 10
- Average up move
- +8.0%
- Average down move
- -8.5%
Monitoring and close
What Tesla, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -3.5%
- Max favorable move (MFE)
- 4.9%
- Max adverse move (MAE)
- 4.8%