# Tesla Stock Hits 11-Month Low

**Published:** 2026-07-23T17:57:05.225Z  
**Topic:** Tesla  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/c5d398e6-91a3-4023-a80e-34009b8b8f29

Tesla's stock price down 18% after Q2 earnings miss, with revenue of $22.5 billion and adjusted earnings per share of 40 cents, vs expectations of $22.64

Tesla's stock price has hit an 11-month low after the company reported second-quarter earnings that came in slightly below Wall Street's already grim estimates [1]. The electric vehicle maker reported revenue of $22.5 billion, compared to expectations of $22.64 billion, and adjusted earnings per share of 40 cents, compared to estimates of 42 cents [1].

| At a glance | |
|---|---|
| Revenue | $22.5 billion |
| Adjusted earnings per share | 40 cents |
| Vehicle deliveries | 384,000 |
| Stock price decline | 18% |

## Earnings Report
The earnings report was a disappointment for investors, who had been bracing for a challenging quarter [1]. Tesla's stock price was down more than 4.5% in after-hours trading as the analyst call concluded [1]. The company cited "a sustained uncertain macroeconomic environment" stemming from "shifting tariffs, unclear impacts from changes to fiscal policy and political sentiment" in its earnings release [1]. Elon Musk warned that the next few quarters could be "rough" as the company navigates the expiration of incentives and the wider regulatory environment for autonomous vehicles [1].

## Competitive Picture
Despite the disappointing earnings report, some analysts remain bullish on Tesla's long-term prospects [2]. JPMorgan analyst Rajat Gupta lowered his price target on the stock from $475 to $445, but still sees upside potential [2]. Mizuho analyst Vijay Rakesh also lowered his price target, from $480 to $450, but believes Tesla is well-positioned to lead in physical AI with its Cybercab and humanoid robotics initiatives [2]. Tesla's energy business is also growing, despite headwinds from tariffs and supply chain challenges [1].

| Analyst | Price Target |
|---|---|
| JPMorgan (Rajat Gupta) | $445 |
| Mizuho (Vijay Rakesh) | $450 |
| Piper Sandler (Alexander Potter) | $500 |

## What to Watch
* Tesla's launch of a more affordable vehicle, expected in the fourth quarter [1]
* The company's progress in autonomy, with Musk expecting "very compelling" economics by the end of next year [1]
* The impact of tariffs and the expiration of the consumer EV tax credit in the US on Tesla's business [1]

The real significance of Tesla's earnings report lies in its implications for the company's long-term growth prospects and its ability to navigate a rapidly changing regulatory environment [1]. As Musk warned, the next few quarters could be "rough," but the company's commitment to innovation and its leadership in electric vehicles and autonomous technology make it an important player to watch in the tech industry [1].

## Sources
1. Business Insider — [Tesla Earnings Recap: Musk Warns Next Quarters May Be 'Rough,' Stock ...](https://www.businessinsider.com/tesla-tsla-stock-q2-earnings-report-call-2025-7-2025-7?op=1)
2. CNBC — [Tesla gets price target cuts from analysts on earnings miss ... - CNBC](https://www.cnbc.com/2026/07/23/tesla-gets-price-target-cuts-from-analysts-on-earnings-miss-what-theyre-saying.html)

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Cite as: TrendWatcher, "Tesla Stock Hits 11-Month Low", https://www.trendwatcher.in/article/c5d398e6-91a3-4023-a80e-34009b8b8f29