By Hannah Erin Lang
Tesla shares are regaining some ground today ahead of the company's first-quarter earnings report, due after the close.
After dropping nearly 6% on Monday, shares of the electric vehicle maker were up nearly 5% in Tuesday morning trading.
The stock has been pummeled this year, tumbling more than 40% since the start of 2025.
Analysts are expecting Tesla's quarterly financials to show a year-over-year decline in profits, according to FactSet estimates. The company has already reported a 13% annual decline in local vehicle deliveries. The Tesla brand has been dinged by chief executive Elon Musk's political persona, which has turned off some left-leaning customers and spurred protests and acts of vandalism against cars and dealerships.
"We are now at a major crossroads for the Tesla story," wrote Wedbush analyst Dan Ives earlier this week. For Tesla stock to return to its winning ways, "Musk needs to leave the government...and get back to being CEO of Tesla full-time."
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(END) Dow Jones Newswires
April 22, 2025 11:11 ET (15:11 GMT)
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