Should You Buy Tesla Stock Before April 22?

Tesla is slated to report first-quarter earnings later this month.

Apr 9, 2025 - 10:18

Tesla (NASDAQ: TSLA) stock has moved in so many directions over the last few years, it's been hard to keep up. Between Jan. 1 and Oct. 31, 2024, Tesla's share price return was less than 1%. But following President Donald Trump's election victory on Nov. 5, Tesla stock kicked into another gear entirely -- rocketing more than 60% through December.

Tesla CEO Elon Musk's close ties to the Trump administration were initially seen as a coveted asset -- one that would pave the way for Tesla's autonomous driving ambitions thanks to a looser regulatory environment. Unfortunately, the bullish narrative has reversed course and Tesla stock is now in a free fall of epic proportions. As of 12:20 p.m. ET on April 7, shares of Tesla were down by 44% on the year -- making it the worst-performing member of the "Magnificent Seven."

Let's explore what is driving Tesla stock lower. More importantly, I'll detail what things investors should be keeping an eye on as the company's first-quarter earnings report looms on April 22.