This Week’s Report on Alphabet, Tesla and Tesla. They’ll Set The Tone for Big Tech

Takeaways

• Tesla will release its earnings Tuesday after the closing of the bell, and Alphabet (parent company of Google) is expected to release results on Thursday.
• They could set the tone for Big Tech earnings, as they are the first members of Magnificent 7 to announce their results this season.
• Meta and Microsoft will report on next Wednesday. Amazon and Apple are scheduled to follow the day after.

This week, Alphabet (GOOGL), and Tesla (TSLA), are expected to report their earnings. What the first members of Magnificent 7 report this earnings season will set the tone for a potentially rough quarter for Big Tech.

The tech giants have had a tough year. All of their stocks have seen double-digit declines. Microsoft (MSFT), Meta Platforms, and Nvidia are all down more than 20% in 2025. Apple (AAPL), Amazon, and Nvidia also have losses of over 20%. Tesla (TSLA), whose stock has fallen over 40%, is the worst-performing member of the group. 

Investors are watching closely to see how companies deal with the uncertainty. They are worried about the tech sector’s spending on AI, the competition from Chinese competitors, and the possible economic downturn caused by President Donald Trump’s new tariffs. 

Wedbush analyst told clients that “we expect very few tech companies will give guidance over next month,” citing a more restrictive trade environment. This comes after Nvidia, Advanced Micro Devices and AMD warned last week they would suffer from new restrictions on China chip exports. 

A 'Unique Position' for Tesla; Possible Tariff 'Ripple Effects' for Alphabet

Tesla could face a lot of policy-related challenges when it reports on Tuesday. This is because of signs of declining EV sales in some of the EV maker’s major markets as well as the political backlash that continues against El Musk’s involvement with the Trump administration.

Still, analysts are more bullish than bearish on the stock, pointing to Tesla's developments related to self-driving cars and AI.  

"Tesla is in a unique position: its opportunity in physical AI is so compelling that investors are willing to look past what will likely be a difficult year," Deepwater Asset Management's Gene Munster wrote recently. "In my view, 2025 doesn’t matter; the business is poised for meaningful improvement starting next year."

Morgan Stanley analysts have recently stated that Alphabet’s upcoming results on Thursday could make it easier for them, Meta, and Amazon, to handle the new trade environment. This is because of their size. However, they added, the "ripple effects" of tariff worries, including weakness in digital ad demand, could weigh on the sector broadly.

Meta and Microsoft are expected to report on Wednesday. Amazon and Apple follow one day later.

Nvidia is expected to report by the end of May.