Here's How Much Tesla Stock Is Expected to Move After Earnings

• Tesla is scheduled to post earnings Wednesday afternoon, with the electric vehicle maker’s stock seen making a big move following the results.

• Tesla is in the midst of a transition to focus more on physical applications of AI, such as autonomous vehicles and humanoid robots.

Tesla is slated to report earnings after the closing bell today, with traders anticipating a big move from the electric vehicle maker’s stock following the results.

Current options pricing suggests that traders expect Tesla (TSLA) shares could swing up to about 5% in either direction by the end of the week. From the stock’s recent levels, a move of that size could lift Tesla shares near $409, or drag them back down to $370, erasing some of their recent gains.

Shares surged earlier this month amid a broader rally, as investors cheered signs of progress in the company’s AI chip plans. Still, they remain about 20% off December’s highs.

Investors will be watching closely Wednesday for updates on Tesla’s transformation and advances in applications of AI.

Morgan Stanley analysts recently wrote that they will be looking for updates on Tesla’s robotaxi plans for the year, and that Tesla could lift its capital expenditures forecast as it spends on expensive new manufacturing efforts.

Tesla is seen posting first-quarter revenue of $22.06 billion, up 14% year-over-year, and adjusted earnings per share of 38 cents, compared to 27 cents a year ago, according to estimates compiled by Visible Alpha. Earlier this month, Tesla’s first-quarter vehicle deliveries improved year-over-year, but not as much as analysts had hoped.

Wall Street analysts are divided on the stock, but lean more bullish than bearish. Of the 12 analysts with current ratings tracked by Visible Alpha, seven have called it a “buy,” with four neutral ratings, and one “sell.” Their average price target of $432 would suggest about 12% upside from Tuesday’s close.

This article has been updated since it was first published to reflect more recent prices and analyst estimates.

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