$Tesla Motors(TSLA)$ is set to report Q1 2026 earnings after the close on April 22 (ET). According to estimates on the Tiger Trade app, Tesla is expected to post $22.74 billion in revenue, up 7.71% year over year, with EPS of $0.382, down 2.39% from a year ago.
What to watch
Tesla delivered 358,023 vehicles in Q1 while producing 408,386, meaning production once again ran ahead of deliveries. That has put inventory back in focus. Investors will be watching closely to see whether Tesla has to lean further on discounts and incentives to move cars, and whether auto gross margins take another hit. For Tesla, the biggest issue is not just softer deliveries. It is the risk that weaker demand and continued pricing pressure could squeeze profitability even more.
For many investors, Tesla’s is no longer just about EV deliveries. It is about FSD, Robotaxi, Optimus, and the company’s long-term AI ambitions. Recent news around the successful tape-out of Tesla’s AI5 chip has only added to that narrative. But at this point, investors want more than vision. They want updates they can actually measure. On the earnings call, the market will be listening for progress on FSD, the Robotaxi rollout, and any clearer timeline for Optimus production. If management stays vague, investors may start to lose patience. But if Tesla can offer a more concrete roadmap, even a messy quarter may not be enough to derail the stock.
Another big focus will be capex and free cash flow. Tesla is still spending aggressively on factories, AI infrastructure, Robotaxi, and Optimus. The question is not whether the company can afford to invest. The question is how long investors are willing to wait before those investments start translating into real returns. If this quarter shows higher capex and weaker free cash flow, the market may push harder on whether Tesla’s near-term fundamentals can support that level of spending.
So the question is simple: After earnings, does NFLX go up or down?
🎁Events Details
What do you think will happen after the earnings?
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💬 Comment below with your predicted closing price on April 23 (in USD, two decimal places).
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⏰Event Duration
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April 20 – April 23, 04:00 AM SGT
📞 Earnings call: April 23, 05:30 AM SGT → Join here
Comments
Inventory and margin pressure are real risks, but the market is increasingly valuing Tesla as more than just an EV company. If management provides clearer updates or timelines, that could outweigh a weaker quarter. At this stage, guidance and narrative matter more than the headline numbers. I’ll also be watching how capex and free cash flow are framed, since that could influence sentiment.
My prediction: Tesla closes around $420.00 on April 23, and I’m firmly bullish, expecting it to stay above $400.
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