Evercore analysts remain hopeful that the Trump administration will eventually strike a tariff agreement that benefits automakers, but hold a more cautious view on Tesla.
Notes several concerns on TSLA
- Tesla’s long-term earnings outlook continues to decline
- projected 2026 earnings per share now roughly 85% lower than estimates made in 2022
- flagged issues including a lacklustre rollout of autonomous vehicle technology, Elon Musk’s politically charged social media activity, and technical indicators that suggest the stock may be approaching a negative trend
- Tesla shares are down over 21% year to date
Expects Tesla’s second-quarter earnings to come in between 38 and 40 cents per share, below the Wall Street consensus of 44 cents.
This article was written by Eamonn Sheridan at www.forexlive.com.