Reasons to buy Tesla stock - 21st April 2026

Tesla approaches its Q1 2026 earnings with renewed momentum. The stock recently broke a long losing streak, posting its best weekly gain since last May and climbing toward the $400 range ahead of the release. Options markets suggest roughly a 6% post-earnings move—meaningful, though not unusual for Tesla. If results meet or exceed expectations and are supported by optimistic guidance and credible updates on autonomy and future products, the rally could accelerate as traders reposition.

Wall Street forecasts adjusted earnings of $0.36 per share, implying about 33% year-over-year growth from a weaker Q1 2025. Revenue is expected to rise 15% to around $22.28 billion. Beyond these figures, the market’s focus will be on outlook and commentary from CEO Elon Musk. Investors are particularly interested in developments around robotaxis, Cybercab manufacturing, and timelines for Full Self-Driving expansion. Any mention of a potential SpaceX IPO and its connection to Tesla’s broader strategy could also influence sentiment.

As Tesla continues shifting its narrative from a traditional EV manufacturer to an AI and robotics-driven company, stronger-than-expected results or encouraging updates on autonomy could push the stock higher.