After-Hours Trading on Tuesday, Google and Tesla to Release Earnings, Shaping US Tech Stocks' Fate

Wall Street expects $Tesla(TSLA.US)$ 's Q2 revenue to dip slightly year-over-year, with earnings per share declining by approximately 30%. Market attention will focus on updates about the budget-friendly Model 2, Robotaxi launch timelines, and adoption rates of FSD technology.

Goldman Sachs noted that investors are more concerned about Tesla's "AI narrative" than electric vehicles. A survey revealed that 68% of investors view AI as the primary driver of Tesla's stock price over the next year, with only 33% leaning towards electric vehicles. Goldman Sachs set a target price of $310 for Tesla.