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Tesla Earnings: Analysts Predict Decline Amidst Volatility
13 Oct
Summary
- Tesla's stock declined 1.22% in the latest session.
- Analysts anticipate a 12% year-over-year earnings decline.
- Tesla's Forward P/E ratio of 224.87 significantly exceeds industry average.
As of October 13, 2026, Tesla (TSLA) saw its stock close at $378.03, a 1.22% decrease from the previous day, lagging behind the S&P 500's modest loss. Over the past month, Tesla shares have gained 4.72%, outperforming the broader Auto-Tires-Trucks sector and the S&P 500.
All eyes are on Tesla's upcoming earnings disclosure scheduled for October 21, 2026. Analysts forecast earnings per share of $0.44, marking a year-over-year decrease of 12%. Quarterly revenue is expected to be $27.8 billion, a slight 1.03% drop from the prior year.
For the full fiscal year, projections indicate earnings of $1.7 per share and revenue of $105.96 billion, representing modest increases. Recent analyst estimate changes show a 14.2% decrease in the Zacks Consensus EPS estimate over the last 30 days, contributing to Tesla's current Zacks Rank of #4 (Sell).
Tesla's valuation metrics highlight a premium; its Forward P/E ratio stands at 224.87, considerably higher than the industry average of 16.04. The PEG ratio is 10.11, compared to the Automotive - Domestic industry's average of 0.93. The industry itself is well-positioned, ranking in the top 34% of all industries.
