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Key Takeaways
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Tesla is scheduled to report first-quarter earnings after the closing bell Tuesday.
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The electric vehicle maker's stock has lost about 40% of its value in 2025 amid lagging sales and backlash to CEO Elon Musk's political activities.
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Longtime Tesla bull Dan Ives of Wedbush said the company faces a "code red situation" if Musk doesn't step away from politics and refocus on Tesla.
Tesla (TSLA) shares climbed Tuesday ahead of the company's first-quarter earnings report, which is due after the closing bell.
Shares of the electric vehicle maker finished the day up close to 5% at around $238. The stock has lost more than 40% in 2025 amid lagging sales and a backlash to CEO Elon Musk's political activities. (We're covering the earnings report and conference call live here.)
Longtime Tesla bull Dan Ives of Wedbush said ahead of the report that the company faces a "code red situation" if Musk doesn’t step back from his work in the Trump administration and refocus on Tesla. Tesla dealerships have been the subject of protests and vandalism in recent weeks, with reports indicating sales have fallen in China and in Europe.
Earlier this month, Tesla reported first-quarter delivery numbers that fell short of Wall Street’s expectations. The company delivered 336,681 vehicles and produced 362,615 in the quarter, down from 386,810 deliveries and 433,371 vehicles produced a year ago.
Additionally, Reuters reported last week that Tesla has paused shipments of parts from China for its semi trucks and Cybercab autonomous taxi because of the Trump administration's tariffs, potentially delaying production and release of the vehicles.
This article has been updated since it was first published to reflect the close of trading.
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