Investors want to hear from Musk and judge his mind-set. Most investors know Musk is key to Tesla’s future and key to its valuation multiple. Tesla trades for roughly 180 times estimated 2025 earnings, according to FactSet.

Tesla's valuation gains today follow a bigger sell-off in yesterday's trading that was spurred by disappointing second-quarter results and comments from management suggesting that performance headwinds could continue in the near term. The company's share price has seen some big swings in 2025, and is down roughly 21% year to date with today's pop.

Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter,

In its first-quarter earnings report in April, Tesla said it going to be "difficult" to measure the impact of trade wars on its supply chains and cost structure, but added that it would "revisit" its 2025 guidance at the time of the second-quarter report.

Politics. Elon Musk and other Tesla executives talked about the negative impact of President Donald Trump’s tariff policy and tax bill, but Musk didn’t grab the chance to tout the “America Party” he said he was starting earlier this month.

Tesla’s Q2 2025 earnings report was followed by an earnings call where leadership discussed the results. During the call, CFO Vaibhav Taneja stated that Donald Trump’s Big Beautiful Bill will have a negative impact on supply and vehicle deliveries next quarter, and the stock is reacting accordingly.

Tesla is slated to report second-quarter earnings after the market closes July 23, and bearish UBS analysts said Monday that the electric vehicle maker's stock remains "fundamentally overvalued."

Tesla Inc (TSLA) reports strong revenue growth and record power deployment, while navigating tariff impacts and regulatory hurdles.

Tesla’s prolonged sales downturn is set to come under further scrutiny when the EV maker reports its Q2 earnings on Wednesday.

Altogether, Tesla stock could be a good buy today if investors have a high level of confidence in the electric-car company's ability to execute its ambitious plans over the next decade. But ...