JPMorgan says Tesla demand weakness likely continued in second quarter
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Canaccord Genuity: 'Yes, Tesla is a bet on scaled Unsupervised FSD, energy storage and robots'
July 2, 2025 4:33 PM EDTCanaccord Genuity analyst George Gianarikas reiterated a Buy rating and $303.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "2Q25 deliveries bested our recently lowered estimates by ~24k. It appears that strong finishes in geographies including China, Norway, France, Spain and Turkey likely helped. While deliveries were better-than-feared, the reality is that in 2Q25 Tesla saw the largest year-over-year decline in deliveries in the companys history. Down ~14% y/y. We had taken a view that the impact of Mr. Musks political associations could not be properly discerned in 1Q25 based on a... More
