Curious about Tesla (TSLA) Q2 Performance? Explore Wall Street Estimates for Key Metrics

Core Viewpoint - Tesla is expected to report a decline in quarterly earnings and revenues, with earnings per share projected at $0.40, a decrease of 23.1% year-over-year, and revenues forecasted at $22.48 billion, down 11.9% from the previous year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been revised downward by 3.9%, indicating a reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts forecast 'Revenues- Automotive sales' to be $16.43 billion, reflecting a decrease of 11.3% year-over-year [5]. - 'Revenues- Energy generation and storage' is expected to reach $3.38 billion, indicating an increase of 12.1% from the previous year [5]. - 'Revenues- Services and other' are projected at $2.92 billion, showing a year-over-year increase of 11.9% [5]. Geographic Revenue Estimates - 'Geographic Revenues- United States' is estimated to be $11.93 billion, down 10% from the year-ago quarter [6]. - 'Geographic Revenues- Other International' is projected at $7.40 billion, a decrease of 2.7% year-over-year [7]. - 'Geographic Revenues- China' is expected to reach $5.09 billion, reflecting a growth of 9.7% from the prior year [7]. Vehicle Deliveries - Total vehicle deliveries are estimated at 383,180, down from 443,956 in the same quarter last year [7]. - 'Model 3/Y deliveries' are projected at 370,703, compared to 422,405 in the same quarter of the previous year [8]. - 'Other models deliveries' are expected to be 15,964, down from 21,551 in the same quarter last year [8]. Storage Deployment - Analysts project 'Storage deployed' to reach 10,655 megawatt hours, an increase from 9,400 megawatt hours reported in the same quarter last year [9]. Stock Performance - Tesla shares have returned -0.8% over the past month, contrasting with the Zacks S&P 500 composite's +5.4% change, indicating expected underperformance in the near future [9].