Will Tesla shares rise the day after they report earnings on Wed, 7/22?
65% of users predicted YES — the community missed this one. 37 predictions cast.
Tesla reported second-quarter 2026 earnings after the market close on Wednesday, July 22, and shares fell rather than rose the next trading day. On Thursday, July 23, the stock tumbled about 15%, its steepest one-day decline since March 2025, erasing more than $140 billion in market value and extending its year-to-date decline to roughly 29%.
The drop came despite record quarterly revenue of about $28.2 billion, up 26% year-over-year, driven by a Q2-record 480,126 vehicle deliveries. Profitability was the problem: operating income fell 57% to about $398 million, compressing the operating margin to 1.4%, and non-GAAP earnings per share came in well below analyst estimates. Tesla burned through more than $1 billion in cash as it increased spending on Robotaxi, Optimus, and semiconductor manufacturing, raising investor concern about near-term returns on that spending. Several Wall Street firms, including JPMorgan, Cantor Fitzgerald, and Mizuho Securities, cut their price targets on Tesla following the report.
The community had priced in a 65% chance that shares would rise the day after earnings. The outcome went the other way, extending a pattern of volatile post-earnings reactions for Tesla this year.