Tesla is set to release second-quarter 2025 results on July 23 after the closing bell, with a focus on Energy & Service and Other Businesses. In Q1, earnings per share fell to 27 cents, with total revenues at $19.33 billion. Energy Generation & Storage revenues surged 67% to $2.73 billion.

Energy storage deployments for Tesla have been growing, with Powerwall deployment hitting a record 1 GWh in Q1. In Q2, the company deployed 9.6 GWh of energy storage products. Services & Other revenues are expected to be around $3.15 billion with a gross margin of 10%.

Tesla’s core EV business faces challenges, but rising gross profit from Energy & Service and Other Businesses may offset losses in Q2. Earnings per share estimate for Q2 is 40 cents with a sales estimate of $22.48 billion, showing a decline. Tesla has an Earnings ESP of +0.21% and a Zacks Rank #4 (Sell).

In the auto space, Lear Corporation (LEA) has an Earnings ESP of +5.50% and a Zacks Rank #3, with earnings beat estimates in the past four quarters. Cummins Inc. (CMI) has an Earnings ESP of +1.45% and a Zacks Rank #3, with a consistent track record of beating estimates. Rivian Automotive, Inc. (RIVN) has an Earnings ESP of +5.82% and a Zacks Rank #3.

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Read more at Nasdaq: Can Tesla’s Energy & Services Units Aid Its Earnings This Season?