May 14, 2025
Investors

Tesla Earnings Live Updates: Profit Margins, Musk Brand Damage in Focus



Tesla factory



AP Photo/Jeff Chiu, File

Latest

  • Tesla will release its first-quarter earnings after the closing bell on Tuesday.
  • Shares in the electric-vehicle maker were down 44% year-to-date through Tuesday.
  • Investors are on high alert for key details on self-driving initiatives and robotaxis.

Tesla will report first-quarter earnings on Tuesday after the closing bell.

Wall Street is leaning bearish heading into the results as uncertainty swirls around CEO Elon Musk’s involvement with the US government. Investors will be listening for updates on margins, robotaxis, the Cybertruck, and a more affordable Tesla model.

Tesla’s earnings-release time is roughly 4:30 p.m. ET, and its conference call with analysts will start around 5:30 p.m.

Tesla’s stock was down 44% year-to-date through Monday’s close, lagging the S&P 500‘s 11% loss.

JPMorgan warns of “unprecedented brand damage”


A parking lot in front of a large building with the Tesla logo on the side.

The Tesla factory in Fremont, California.


Justin Sullivan/Getty Images

JPMorgan reduced its earnings estimates for Tesla following its weak first-quarter delivery results.

Following the results, the bank said it “may have underestimated the degree of consumer reaction” to Tesla and Elon Musk.

“The trend in Tesla sales is worse than we and the market had appreciated, prompting us to lower our already below consensus estimates accordingly and to expect consensus to decline further, toward our new lower estimates,” JPMorgan said.

The bank expects Tesla to sell about 1.7 million vehicles in 2025 and earn $2.30 per share in the full year.

JPMorgan rates Tesla at “Underweight” with a $120 price target.

Tesla earnings expectations: First-quarter adjusted EPS estimate is $0.44

First quarter

  • Adjusted EPS estimate: $0.44
  • EPS estimate: $0.33
  • Revenue estimate: $21.43 billion
  • Gross margin estimate: 16.1%
  • Operating income estimate: $1.16 billion
  • Free cash flow estimate: $1.08 billion
  • Capital expenditure estimate: $2.49 billion

Full year

  • Production estimate: 2.01 million
  • Deliveries estimate: 1.81 million
  • Capital expenditure estimate: $11.32 billion

Source: Bloomberg data





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