Wall Street is tracking a lot of things beyond Tesla’s earnings. Everything from the company’s artificial intelligence plans to Elon Musk’s future at Trump’s so-called Department of Government Efficiency is on the table.
The consensus among Wall Street is for earnings of 36 cents a share from $20.1 billion in sales. GLJ Research analyst Gordon Johnson projects a lower figure, putting EPS for the quarter at about 25 cents, down from 45 cents a year ago. He rates shares Sell and has a $19.05 target price for the stock. That’s the lowest on the Street by a wide margin.
A big reason for weaker earnings is lower vehicle sales. Tesla sold about 337,000 cars in the first quarter, down from 387,000 a year ago.