Tesla stock rises as US moves to ease rules for self-driving cybercab
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Wells Fargo Highlighting Tesla (TSLA) Cash Burn: 'All-in, we now forecast FCF burn of $1.9B, the first negative FCF FY since 2018'
June 17, 2025 6:43 AM EDTWells Fargo analyst Colin Langan reiterated an Underweight rating and $120.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Reiterating UW; FCF to go next We recently flagged Q2 deliveries aren't showing signs of recovery. June will need a >50% m/m jump in deliveries to meet consensus deliveries of 411K. We anticipate lower leverage on deliveries will impede on margin. CARB's end also implies >10% EBIT risk from ZEV credits. Juxtaposing lower margins & potential WC headwinds w/ >$11B capex investment guide risks negative 2025 FCF. Recent... More
