Tesla's Q2 Earnings Preview: Can the Mag 7's Worst Performer Turn Around?
Tesla (TSLA) enters its Q2 2026 earnings report as the worst-performing Magnificent 7 stock, down 17.82% year-to-date. 24/7 Wall St. maintains a BUY rating with a $428 price target, citing potential upside from rebounding automotive margins, FSD subscription growth, and upcoming product catalysts (Cybercab, Semi, Optimus). The article notes Tesla's Q1 EPS beat of 18% and automotive margin recovery to 21.1%. Prediction markets assign a 77.5% probability of a Q2 EPS beat. However, risks include high valuation (167x forward P/E), declining energy revenue, rising inventory, and regulatory credit headwinds. The bull case targets $487 on successful product launches, while the bear case sees limited upside near $375. The piece contrasts Tesla with GM (trading at 25x earnings with real cash flow) and Rivian (negative EBITDA).
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