Electric vehicle giant Tesla (TSLA) is scheduled to announce its Q2 results on July 22. Heading into earnings, UBS analyst Joseph Spak reiterated a Hold rating on TSLA stock and raised his price target to $442 from $364. The analyst expects the company to surpass the Street’s Q2 EPS (earnings per share) estimate by 37%, given better-than-expected deliveries. Spak noted that the Street’s EPS consensus is likely not updated to reflect the strong Q2 deliveries.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Currently, Wall Street expects Tesla to report EPS of $0.49 for Q2 2026, reflecting 22.5% year-over-year growth. Revenue is projected to rise about 14% to $25.64 billion.
Here’s What UBS Analyst Expects from TSLA’s Q2 Results
Spak expects Tesla to report Q2 2026 EPS of $0.67. He added that investors are expecting upbeat results following solid Q2 deliveries. Notably, Tesla reported Q2 deliveries of 480,126, reflecting about a 25% year-over-year growth. Meanwhile, the analyst expects the company to report a Q2 auto gross margin of 19%, above the consensus of 17.6%.
