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Wells Fargo Reiterates Underweight Rating on Tesla (TSLA)
July 10, 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 "Fundamentals Remain Tough - Expect Q2 Miss We forecast Q2 EPS of $0.20 below consensus of $0.41, driven by lower EV credits & weaker Energy Gen margins. VA consensus forecasts EV credits of ~$650M, up from $595M in Q1 despite the end of CARB in late May. Also, VA consensus Eng Gen margins are 24%, down slightly from 29% despite China tariffs. Our auto GM ex EV credits of 13.3% is slight above VA consensus of 13% & up from 12.5%... More
