Compared to Estimates, Tesla (TSLA) Q1 Earnings: A Look at Key Metrics

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Yesterday

For the quarter ended March 2025, Tesla (TSLA) reported revenue of $19.34 billion, down 9.2% over the same period last year. EPS came in at $0.27, compared to $0.45 in the year-ago quarter.

The reported revenue represents a surprise of -7.85% over the Zacks Consensus Estimate of $20.98 billion. With the consensus EPS estimate being $0.44, the EPS surprise was -38.64%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Tesla performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total vehicle deliveries: 336,681 versus the eight-analyst average estimate of 362,675.
  • Other models deliveries: 12,881 versus 16,812 estimated by six analysts on average.
  • Model 3/Y deliveries: 323,800 versus the six-analyst average estimate of 348,077.
  • Storage deployed: 10,400 MWh versus the two-analyst average estimate of 10,496.07 MWh.
  • Revenues- Automotive sales: $12.93 billion compared to the $15.59 billion average estimate based on nine analysts. The reported number represents a change of -21.5% year over year.
  • Revenues- Energy generation and storage: $2.73 billion versus the nine-analyst average estimate of $3.11 billion. The reported number represents a year-over-year change of +67%.
  • Revenues- Services and other: $2.64 billion versus $2.93 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +15.3% change.
  • Revenues- Automotive regulatory credits: $595 million versus $523.01 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +34.6% change.
  • Revenues- Automotive leasing: $447 million versus the five-analyst average estimate of $430.71 million. The reported number represents a year-over-year change of -6.1%.
  • Total Automotive Revenue: $13.97 billion compared to the $14.80 billion average estimate based on five analysts. The reported number represents a change of -19.6% year over year.
  • Gross profit- Total Automotive: $2.27 billion versus the seven-analyst average estimate of $2.29 billion.
  • Gross profit- Services and other: $101 million versus the six-analyst average estimate of $239.12 million.
View all Key Company Metrics for Tesla here>>>

Shares of Tesla have returned -18.3% over the past month versus the Zacks S&P 500 composite's -8.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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