Tesla’s (NASDAQ:TSLA) is scheduled to post its second-quarter financial results later today after markets close. A live Q&A session would be held by Tesla’s management at 2:30 p.m. PT (5:30 p.m. ET), which would allow the company to discuss several key developments in its projects, as well as potential headwinds that investors could expect for the coming quarters.
Despite an ongoing chip shortage that has negatively affected the automotive industry, Tesla’s second-quarter vehicle deliveries and production were impressive. With this in mind, here is a brief outline of what TSLA investors could expect for Tesla’s Q2 2021 earnings results.
Analyst Ratings to Date
Wall Street currently has a consensus $686.94 12-month price target on TSLA stock, based on 38 analysts covering the company. As per The Deep Dive, eight of these analysts maintain a “Strong Buy” rating, six analysts have a “Buy” rating, 15 have a “Hold” rating, five have a “Sell” rating, and four have a “Strong Sell” rating on Tesla.
Price targets for Tesla shares vary among the analysts covering the company, though the Street high as of writing comes from Elazar Advisors, which maintain a price target of $1,471 per share. The lowest price target for TSLA stock stands at $67 from GLJ Research, though this figure seems more like a statement than a serious estimate considering Gordon Johnson’s record with Tesla.
Revenue Estimates
So far, 22 analysts have posted revenue estimates for Tesla’s Q2 2021 results. The mean revenue estimate among the 22 analysts is $11.299 billion, a numbest that’s been flat as of late. The highest estimates from the Street predict that Tesla would post revenue of $12.827 billion, while the lowest estimate points to the company posting $9.5 billion of revenue.
EBITDA Estimates
There are currently 11 analysts who have posted their second-quarter EBITDA estimates for Tesla. So far, the mean EBITDA estimate among these 11 analysts stands at $2 billion. Street high estimates currently sit at $2.5 billion in EBITDA, while the lowest estimate sits at $1.5 billion.
Earnings per Share
Analysts currently estimate that Tesla’s second-quarter earnings per share would be at $0.98 per share. So far, the Street high estimate for Tesla’s Q2 2021 EPS stands at $1.34 per share, while the lowest estimate stands at $0.62 per share.
Other Topics to Expect
Tesla is currently in the middle of its largest ramp to date, despite the challenging landscape in the automotive market today due to the chip shortage and other supply chain difficulties. With this in mind, Tesla executives may cover a number of pertinent topics for its near-term growth, such as the launch of Giga Berlin and Gigafactory Texas, the expansion of Gigafactory Shanghai, and the ramp of its 4680 battery cell production.
The progress of vehicles like the Tesla Semi and the Cybertruck would likely be discussed as well. Tesla may also discuss its progress with its Autopilot and Full Self-Driving suite, which recently switched to a vision-only approach that no longer uses radar data. Tesla’s Energy division is also moving forward despite a battery cell shortage, with the company recently launching a Virtual Power Plant project in California.
Disclaimer: I am long TSLA.
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Elon Musk
Tesla sits at a ‘crossroads,’ Wedbush says by listing six negatives
Wedbush is still bullish on Tesla, but says Elon Musk needs to make a choice between DOGE and the car company.

According to Wedbush, Tesla is sitting at a “crossroads” as it nears its Q1 2025 Earnings Call on Tuesday.
Although the company’s Earnings Calls have been primarily focused on the financials and accomplishments of the past quarter, Tesla is approaching this one differently.
Tesla has even said that this Earnings Call will feature a “company update,” and as most believe it will detail plans for future models and production timelines, others have different expectations and beliefs over what could be said.
Tesla still on track to release more affordable models in 1H25
Wedbush’s Dan Ives believes Tesla is at a crossroads and outlined his six biggest concerns for the company since CEO Elon Musk took on a role within the White House at the Department of Government Efficiency (DOGE):
- Tesla has now unfortunately become a political symbol globally of the Trump Administration/DOGE
- Tesla’s stock has been crushed since Trump stepped back into the White House
- Brand damage to Musk/Tesla resulted in a terrible 1Q delivery number, with much lower 2025 deliveries on the horizon
- Protests and violence against Tesla dealerships/owners have erupted around the globe
- 25% auto tariffs have been enacted, delaying future lower-cost models for Tesla, even though Musk is vocally against the tariffs for obvious reasons
- Potentially 15%-20% permanent demand destruction for future Tesla buyers due to the brand damage Musk has created with DOGE
Ives has held onto the idea that Musk’s involvement has made Tesla synonymous with the Trump administration, but that only seems to be true for those who share ideologies that oppose what the White House is doing.
Others are able to differentiate between the two, noting that Tesla is not a Trump organization, and vice versa.
Of course, there are negative sides to Musk splitting his time between the two and having ties to the President. Politically, it is hard to appease everyone.
Despite this, Wedbush’s Ives said the firm still remains bullish on Tesla:
“So why stay bullish? It’s a great question. We believe Tesla along with Nvidia are two of the most disruptive technology companies on the globe over the coming years. The unparalleled innovation, engineering scale, autonomous roadmap, and robotics future will unleash massive valuation upside over the coming years in our view. BUT….Musk needs to leave the government, take a major step back on DOGE, and get back to being CEO of Tesla full-time. Tesla is Musk and Musk is Tesla….and anyone that thinks the brand damage Musk has inflicted is not a real thing….spend some time speaking to car buyers in the US, Europe, and Asia…you will think differently after those discussions.”
Ives said that Musk needs to lay out the timing and rollout plans for the unsupervised Full Self-Driving and for the affordable vehicle platform, which was set for release in the first half of the year.
Investor's Corner
Tesla “best positioned” for Trump tariffs among automakers: analyst
Ives has a price target of $315 per share for the electric vehicle maker.

Wedbush analyst Dan Ives recently shared his thoughts about Tesla (NASDAQ:TSLA) amidst the Trump administration’s tariffs. As per Ives, Tesla is best-positioned relative to its rivals when it comes to the ongoing tariff issue.
Ives has a price target of $315 per share for the electric vehicle maker.
Best Positioned
During an interview with Yahoo Finance, the segment’s hosts asked about his thoughts on Tesla, especially considering Musk’s work with the Trump administration. Musk has previously stated that the effects of tariffs on Tesla are significant due to parts that are imported from abroad.
“When it comes to the tariff issue, they are actually best positioned relative to the Detroit Big Three and others and obviously foreign automakers. Still impacted, Musk has talked about that, in terms of just auto parts,” Ives stated.
China and Musk
Ives also stated that ultimately, a big factor for Tesla in the coming months may be the Chinese market’s reactions to its tariff war. He also noted that the next few quarters will be pivotal for Tesla considering the brand damage that Elon Musk has incited due to his politics and work with the Trump administration.
“When it comes to Tesla, I think the worry is where does retaliatory look like in China, in terms of buying domestic. I think that’s something that’s a play. And they have a pivotal six months head, in terms of what everything we see in Austin, autonomous, and the buildout.
“But the brand issues that Musk self-inflicted is dealing with in terms of demand destruction in Europe and the US. And that’s why this is a key few quarters ahead for Tesla and also for Musk to make, in my opinion, the right decision to take a step back from the administration,” Ives noted.
Investor's Corner
Tesla negativity “priced into the stock at its current levels:” CFRA analyst
The CFRA analyst has given Tesla a price target of $360 per share.

In recent comments to the Schwab Network, CFRA analyst Garrett Nelson stated that a lot of the “negative sentiment towards Tesla (NASDAQ:TSLA) is priced into the stock at its current levels.”
The CFRA analyst has given Tesla a price target of $360 per share.
Q1 A Low Point in Sales
The CFRA analyst stated that Tesla’s auto sales likely bottomed last quarter, as noted in an Insider Monkey report. This was, Nelson noted, due to Q1 typically being the “weakest quarter for automakers.” He also highlighted that all four of Tesla’s vehicle factories across the globe were idled in the first quarter.
While Nelson highlighted the company’s changeover to the new Model Y as a factor in Q1, he also acknowledged the effects of CEO Elon Musk’s politics. The analyst noted that while Tesla lost customers due to Musk’s political opinions, the electric vehicle maker has also gained some new customers in the process.
CFRA’s Optimistic Stance
Nelson also highlighted that Tesla’s battery storage business has been growing steadily over the years, ending its second-best quarter in Q1 2025. The analyst noted that Tesla Energy has higher margins than the company’s electric vehicle business, and Tesla itself has a very strong balance sheet.
The CFRA analyst also predicted that Tesla could gain market share in the United States because it has less exposure to the Trump administration’s tariffs. Teslas are the most American-made vehicles in the country, so the Trump tariffs’ effects on the company will likely be less notable compared to other automakers that produce their cars abroad.
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