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TSLA 2Q EPS estimate above consensus on margin strength, Gary Black estimates

TSLA 2Q EPS estimate above consensus on margin strength, Gary Black estimates
TSLA 2Q EPS seen above consensus

Gary Black, managing partner and investor at The Future Fund, projects TSLA's second quarter adjusted EPS at $0.60, exceeding Wall Street's consensus estimate of $0.55.

He attributes his higher estimate to a stronger-than-expected auto gross margin excluding regulatory credits, at 18.8% compared to the Street's 18.4% estimate, and improved operating leverage in R&D and SG&A amid 480,000 deliveries in the quarter. Black also notes that TSLA shares are down 18% year-to-date.

Black has previously drawn attention to valuation differences in the tech sector, noting that investors pay 150 times 2026 EV/EBITDA for SPCX compared to 19 times for NVDA in a recent valuation comparison. He also tracked market moves when U.S. stocks slipped after weak Samsung earnings and AI chip stocks fell. These observations follow Black's ongoing commentary on sector-specific shifts and company fundamentals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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