TSLA: Tesla Stock Up 21% from Recent Bottom as Traders Eye Earnings This Week

Deliveries were up from last year and analysts now expect to see a 13% rise in revenue and a 33% rise in profits. Bold.

🚗 Tesla Rebounds Ahead of Results

• Shares of Tesla TSLA have climbed about 21% from their early-April lows as traders position ahead of Wednesday’s earnings release.
• Earnings season often acts like a reality check for momentum trades. Stocks that rally into results usually face a simple test: confirm the optimism or correct it quickly.
• Tesla’s rebound also reflects renewed interest in AI infrastructure themes tied to the company’s long-term strategy, not just car sales. For Tesla, vehicles are only part of the story investors are pricing in.

📊 Analysts Expect Strong Growth Anyway

• Wall Street expects roughly $21.92 billion in revenue, up about 13% year over year, and adjusted earnings of $0.36 per share — a projected 33% jump. Those numbers sound impressive, though they’re coming off a relatively soft base last year.
• Delivery figures told a more cautious story. Tesla reported 358,023 vehicles delivered, while production reached 408,386 units — leaving roughly 50,000 cars added to inventory instead of customer driveways.
• That gap matters because rising inventory can signal demand is lagging supply. In simple terms: building cars faster than selling them is rarely a bullish headline on its own.

🤖 Terafab Spending in the Spotlight

• Investors are also watching Tesla’s planned capital expenditures closely. The company signaled roughly $20 billion in spending for 2026, up sharply from about $8.5 billion last year — a massive escalation in investment pace.
• A key focus is Terafab, Tesla’s proposed one-terawatt AI compute facility. If realized, it would position the company not just as an EV maker but as a serious player in the AI infrastructure race.
• With expectations already elevated after the stock’s recent rebound, traders will be listening carefully for guidance all over the place, including the keenly-watched SpaceX IPO, planned for this summer.