​​Telsa share price Q1 2021 results preview

In this article we look at what to expect and how to trade the upcoming Tesla Q1 2021 results.

When is the Tesla earnings date?

Tesla Inc, the Nasdaq listed, sustainable energy electric vehicle producer will report its first quarter earnings for 2021 (Q1 2021) on Monday the 26 of April 2021.

Tesla results Q1 2021 earnings preview, what to expect?

Tesla results are expected to benefit from the Model 3 and Model Y cars which have allowed the company to successfully compete within the broader mainstream electric vehicle (EV) market as well as grow its footprint within the Chinese EV market.

A recent production update from Tesla has shown at least 182,780 of its Model 3 and Y EV’s to have been delivered in the Q1 of 2021. As a base of comparison, Q1 2020 total vehicle deliveries amounted to 83,400 and Q4 2020 deliveries reached 180,600.

However while growth in sales and deliveries of the Model 3 and Y has been exponential, deliveries of the company’s higher end Model S and Model X EV’s has slowed from 18,920 in Q4 2020 to around 2020 in Q1 2021. The decline in Model S / X sales is largely due to suspended production as the company readies for new models of these vehicles. The lower delivery figures from the high end models is likely to impact the groups operating margins negatively, although group profitability will be supported by the higher volume in its mainstream vehicle sales.

Factset consensus estimates for the Tesla’s Q1 FY21 results arrive at an adjusted earnings per share figure of $0.80 and revenue for the quarter relatively flat at $10.3 billion.

How to trade the Tesla results

A Refinitiv data poll surveying thirty eight analysts maintains a consensus long-term average rating of hold for Tesla (as of the 19 of April 2021), with nine of these analysts recommending a strong buy, six recommending a buy, 12 hold, seven sell and four with a strong sell recommendation on the stock.

The median long-term share price target from these analysts is $648.78. At the time of writing the share price of Tesla trades at $726, a significant premium to the consensus price target.

90% percent of IG clients with open positions on Tesla (as of the 19 of April 2021) expect the share price to rise in the near term, while 10% percent of IG clients with open positions on the company expect the price to fall.

Tesla share price: technical analysis

The long-term price trend for Tesla remains up, as indicated by solid red trend line on the chart below. In the short term the price appears to finding resistance at the 775 level whilst looking overbought.

Long-term trend followers will look to keep a long bias to trades on Tesla, although cautioned by the overbought near resistance signals. A pullback towards trend line support at 600, could provide traders with a renewed long entry opportunity, while a move below the 587 level might instead suggest that the long-term uptrend is breaking down, which would call for a reassessment of the long bias to trade on the company.

Should a pullback from overbought territory not ensue, and instead a break of the resistance level at 775 manifest, the high at 885 would become the initial target from the move.

In summary

  • Tesla Q1 2021 results are set for release on the 26 of April 2021
  • Lower margin Model 3 and Y EV sales were significantly higher for the quarter
  • Higher margin Model S and X sales were significantly lower for the quarter
  • Overall vehicle sales were higher over the period
  • Revenue is expected at around $10.3 billion for the quarter
  • Adjusted EPS is expected at $0.80 (Factset consensus) for the quarter
  • The majority of IG clients with open positions expect the price to rise in the near term
  • Term the long-term price trend for Tesla remains up, although in the short term, the price is overbought at resistance

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.