Tesla Earnings Preview: Key Levels to Watch Ahead of Q1 Results

Tesla (NASDAQ: TSLA) is in the spotlight today as the electric vehicle (EV) giant becomes the first of the ‘Magnificent Seven’ tech stocks to report earnings. The company is set to release its Q1 2025 financial results after the US market closes.

Tesla Share Price and Earnings Expectations

As of the pre-market session, Tesla shares are trading around $229.33. Analysts are expecting earnings per share (EPS) of $0.35, which matches the EPS from the same quarter last year—indicating no year-on-year growth. This stagnation in earnings could place downward pressure on the stock in the near term.

Technical Analysis: Will Tesla Break Out of Its Range?

A look at the daily chart shows Tesla’s share price has been rangebound between $214 and $290 since early March. Today’s earnings report could act as a catalyst to break out of this consolidation phase. A bullish surprise might push the stock back towards the psychological resistance level of $300 per share. Conversely, weaker-than-expected results could lead to a decline, possibly creating a buying opportunity for long-term investors.

A breakout above the descending trendline from December highs would be a positive technical signal and could provide support heading into the summer months. However, a decisive break below the $214 support level might see shares fall to the next support zone between $180 and $190. In the medium term, a further breakdown could shift focus towards the 2024 low near $138–$140.

Momentum Indicators: MACD Signals Caution

The MACD (Moving Average Convergence Divergence) histogram is currently declining and appears to be turning bearish, suggesting that momentum may be fading. Traders will want to keep a close eye on this indicator for confirmation of any potential downtrend.

Investor Focus: Tariffs and Forward Guidance

Investors and market participants will be watching closely to see how Tesla addresses ongoing tariff uncertainties, particularly in relation to China and Europe. In addition, forward guidance regarding production plans, margins, and demand outlook will be critical in shaping market sentiment over the coming quarters.