Analysts expect Tesla to report 51 cents per share on $25.71 billion revenue amid a 16% stock decline this year.
Tesla will release second-quarter earnings after markets close Wednesday, with Wall Street projecting $25.71 billion in revenue and 51 cents per share. The report follows a 25% year-over-year increase in vehicle deliveries last quarter, exceeding expectations.
The company faces pressure from a 16% stock decline this year, despite signs of recovery in its auto business. Competition from Chinese automakers and consumer backlash over Elon Musk’s political statements have weighed on performance. Tesla recently introduced lower-cost Model 3 and Model Y variants to boost demand.
Shares have fallen alongside SpaceX, Musk’s other major venture, which has lost nearly 40% since its peak in June. Rising gas prices earlier this year supported EV sales, particularly in Europe.