Tesla, IncNasdaq: TSLA
Consumer Discretionary · Automobile Manufacturers
$390.70
+2.38%
Vol: 221.6M
Research Digest
Friday, May 1, 2026
Tesla reports Q1 EPS of $0.41 beating $0.30 estimates; Semi enters mass production; California allows driverless enforcement
Tesla reported Q1 2026 EPS of $0.41, beating estimates of $0.30 by 36.67%, with CEO Elon Musk delivering positive news on Cybercab autonomous robotaxi and Optimus humanoid robot. Electric Semi truck entered mass production with first units off Nevada high-volume line. California DMV adopted new rules (effective July 1) allowing police to issue citations to autonomous vehicles, supporting Tesla's Cybercab scaled production targeting 2M units annually at full capacity. However, Tesla stock is down 23% from December record, and at $394.46 has Hold consensus rating with avg price target of $401.27. Elon Musk's 2025 compensation tallied at $158B on paper but realized as zero due to missing operational targets.
Previous Market Intelligence
13 daysApr 30Tesla beats Q1 earnings with $0.41 EPS and strong 21.1% gross margin; raises capex to $25B+ but China demand weakensMixed▶
Tesla reported Q1 2026 revenue of $22.4B (+15.8% YoY) with adjusted EPS of $0.41 (+52% vs $0.37 consensus), achieving its strongest gross margin in quarters at 21.1%. The company rolled out its first high-volume Semi from Gigafactory Nevada and guided to over $25B capex for 2026 (up from prior $20B plan), directing spend toward autonomy, AI, and Optimus robot development. Robotaxi expanded to Dallas and Houston, with Cybercab and Megapack 3 ramping in 2026. However, stock weakness persists with shares down 17% YTD and 24% below December highs, largely due to China NVE market share concerns as Huawei's Harmony alliance gains traction. Investor sentiment remains cautious on China execution and EV market competition. Analyst consensus is "Buy" with $405.47 price target implying 9.7% upside. Main risks include China market pressure, execution delays on Robotaxi/Optimus, and sustained margin pressure from increased capex.
Apr 29Tesla Q1 non-GAAP EPS $0.41 (+14% beat), revenue $22.38B (+15.8% YoY), Cybercab/Optimus focus, FSD V14 Lite roll-out plannedPositive▶
Tesla delivered Q1 non-GAAP EPS $0.41 (14% beat), revenue $22.38B (+15.8% YoY), auto gross margin expanded to 21.1%, free cash flow surged 117% YoY to $44.7B cash on hand. Musk announced Cybercab robotaxi and Optimus humanoid robot as strategic pivots. FSD Supervised coming to HW3 vehicles; unsupervised version only approved in Austin, TX. Competitive pressures from Chinese EVs, tariff risks remain concerns. Stock trading $375.58, consolidating as momentum mixed. Speculation on SpaceX merger under investor scrutiny.
Apr 16Tesla stock rallies 8% as Elon Musk announces AI5 chip tape-out and Netherlands approves Full Self-Driving software for EUMixed▶
Tesla stock surged nearly 8% on April 15, 2026 after CEO Elon Musk announced the AI5 chip reached tape-out, a key engineering milestone, though volume production remains over a year away. The announcement comes nearly two years behind original promise. Tesla is planning two advanced chip factories in Austin in partnership with SpaceX, with Intel recently joining the Terafab project. Netherlands became first EU country approving Full Self-Driving software. Q1 2026 deliveries missed estimates at 358,023 units, and production exceeded deliveries by 50,000 vehicles, signaling demand concerns. UBS upgraded stock from Sell to Hold and raised price target to $352. Q1 2026 earnings report expected April 22.
Apr 15Tesla releases Spring 2026 software update with Grok AI voice assistant and Full Self-Driving app; stock gains 3.7% on UBS upgrade to Neutral from SellMixed▶
Tesla launched Spring 2026 software update introducing Grok voice assistant. Dutch regulators approved Full Self-Driving supervised software for Netherlands. UBS upgraded Tesla stock to Neutral from Sell with $352 price target. Stock jumped 3.7%. However, Q1 2026 deliveries fell 14% from Q4 2025. Earnings release scheduled for April 22, 2026.
Apr 14Q1 deliveries disappoint at 358K units; Spring Update 2026 launches with Hey Grok voice controlNegative▶
Tesla reported Q1 deliveries of ~358K units, missing expectations. Launched Spring Update 2026 with Hey Grok AI assistant. Roadster production-intent unveil set for late April. Earnings due April 22.
Apr 13Tesla Q1 2026 deliveries missed consensus (358,023 vs 365K-370K expected); stock down 21.5% YTD amid tariff headwindsNegative▶
Tesla delivered 358,023 vehicles in Q1 2026 (6% YoY growth), missing Wall Street consensus of 365K-370K, marking second consecutive quarter below expectations. Company produced 408,386 vehicles, deployed 8.8 GWh energy storage. Stock at $346.20 (down 21.5% YTD), market cap $1.31T. Positive: FSD Supervised approved by Dutch regulators; new affordable SUV in works. Risk: Delivery misses, margin compression, and autonomous vehicle execution timing.
Apr 10Tesla misses Q1 2026 delivery targets at 358K units with energy storage down 40% as JPMorgan warns of 60% downside.Negative▶
Tesla delivered 358,023 vehicles in Q1 2026, missing consensus of 365,645. Stock down 20% YTD. Energy storage fell to 8.8 GWh, missing consensus by ~40%. Production exceeded deliveries by 50,000+ units signaling demand weakness. JPMorgan issued most bearish call with $145 price target implying ~60% downside. Truist lowered target to $400 from $438 with hold rating. Elon Musk will need to address growth trajectory at April 22 earnings call.
Apr 9No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 8Tesla Q1 deliveries miss at 358023 vs 365K expected; stock falls 5% on inventory buildup and pricing pressure.Negative▶
Tesla reported Q1 2026 deliveries of 358023 vehicles, missing analyst consensus of 365-370K. Production of 408386 left 50K+ cars in inventory. Stock slid 5% in worst single day of 2026, down 20% YoY. Morgan Stanley downgraded to Equal-weight. JPMorgan warns of 60% downside risk to $145 target. China Shanghai factory sales grew 8.7% YoY. Q1 earnings April 22.
Apr 7Tesla Q1 deliveries miss estimates at 358K units; stock falls 2.5% as JPMorgan maintains Underweight $145 targetNegative▶
Tesla delivered 358,000 vehicles in Q1 2026, down 14% from prior quarter and missing analyst consensus of 372,160 units. JPMorgan analyst Ryan Brinkman reiterated Underweight rating with $145 price target, implying potential 60% downside. Goldman Sachs and Truist both slashed Tesla price targets post-miss. Energy storage declined 15% YoY to 8.8 GWh, marking first decline since Q2 2022. Tesla claims robotaxi production begins this month with humanoid robot production later in 2026. Stock fell 7.9% over period (2.5% Monday, 5.4% prior Friday). Current price $352.92 reflects 1.32T market cap despite delivery weakness.
Apr 6Tesla Q1 deliveries miss with 358,023 units (-14% QoQ); Goldman and Truist cut price targets.Negative▶
Tesla reported Q1 2026 deliveries 358,023 units (-14% QoQ, +6% YoY), missing Street. Stock plunged 5.42% in 24h, worst day of 2026. Down 20% YoY. Goldman Sachs cut PT to $375 from $405. Model S/X production ending. Tesla Semi ramp planned 2026. Q1 earnings April 22. South Korea sales surged 328% YoY in March.
Apr 3Tesla reports 358,000 Q1 deliveries, missing estimates for second consecutive quarter; stock drops 5.2% with year-to-date decline of 20%.Negative▶
Tesla reported Q1 2026 deliveries of 358,000 vehicles, down 14% from Q4 2025 and missing consensus estimates of 365,645 units. The stock fell 5.2% on the news, bringing year-to-date losses to 20%. Production totaled 408,386 units globally. Elon Musk is refocusing toward driverless Cybercab and Optimus humanoid robots, announcing the end of Model S/X production. Energy storage deployments declined to 8.8 GWh in Q1 from 14.2 GWh in Q4. Tesla will report full Q1 results April 22.
Apr 1Tesla rises 4.85% on delivery optimism and CEO Elon Musk announces big investment in Japan; Q1 delivery report expected April 2.Mixed▶
On March 31, 2026, Tesla shares rose 4.85% driven primarily by geopolitical de-escalation hopes and delivery optimism. CEO Elon Musk announced a big investment in Japan to expand service infrastructure and Supercharger network. Consensus Q1 2026 delivery forecast is approximately 365,000-366,000 vehicles versus 337,000 year-ago. Tesla raised 2025 capex to $8.5 billion+ with plans for 2026 spending on autonomy, in-house chips, and humanoid robots. The stock trades at $372.43, down 15% year-to-date and 24% below its 52-week high of $489.88.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| TSLATESLA | $390.70 | +2.38% | +8.2% | 150.5x | 1.92 | $1.43T |
| GMGENERAL | $75.94 | -1.24% | +4.7% | 5.5x | 1.34 | $69.3B |
| FFORD | $11.90 | -1.53% | +4.0% | 6.5x | 1.71 | $48.5B |
| AMZNAMAZON.COM | $268.12 | +1.15% | +24.6% | 27.1x | 1.38 | $2.85T |
| HDHOME | $324.45 | -1.32% | +0.7% | 20.2x | 1.08 | $327.5B |
| MCDMCDONALD | $287.01 | -2.24% | -5.2% | 20.4x | 0.53 | $208.7B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.