Tesla Is Still Down 17% in 2026. Can Wednesday's Earnings Event Get TSLA Stock Back on Track? - 24/7 Wall St.

What the report says

24/7 Wall St. reported that Tesla is approaching its Q2 2026 earnings release after a difficult start to the year for its shares, which were down 17% year to date. The company is scheduled to report after the U.S. market close on Wednesday, July 22, with investors focused less on delivery totals, which have already been announced, and more on profitability, spending plans and management’s outlook.

According to the report, Wall Street consensus estimates call for adjusted earnings per share of about $0.50 to $0.54 and revenue of roughly $25.7 billion to $25.8 billion. Tesla previously reported Q2 deliveries of 480,126 vehicles, up 25% from a year earlier and 34% sequentially. The article said analysts are watching whether that strength reflects durable demand or was helped by temporary factors, including higher gasoline prices and a rebound in China.

The report said automotive gross margin, capital expenditure and free cash flow will be central issues on the earnings call. Tesla had raised its 2026 capital spending outlook to $25 billion from $20 billion, while warning that free cash flow could turn negative. Energy storage was also highlighted as a growing business after Tesla deployed a record 13.5 GWh in the quarter.

24/7 Wall St. framed autonomy as the key long-term valuation question, noting Tesla’s high price-to-earnings ratio and comparing its robotaxi ambitions with Alphabet’s Waymo, which the article said had surpassed 500,000 fully autonomous rides per week. The report said updates on Cybercab, Full Self-Driving monetization, Optimus production and full-year guidance could influence whether investors regain confidence in Tesla’s second-half outlook.