Trump targets EVs, but Tesla’s regulatory credits cash cow lives on: Piper Sandler
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GLJ Research on Tesla (TSLA): 'We See Results Coming in Largely In line'
July 22, 2025 7:45 AM EDTGLJ Research analyst Gordon Johnson reiterated a Sell rating and $19.05 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Tesla 2Q25 Earnings Preview We See Results Coming in Largely In line Due to Bitcoin Gain + Aggressive FSD Revenue Recognition Offsetting Neg. FOREX Hit + Margin Slashing Rate Buy-Downs. Tesla 2Q25E Earnings Preview. In this note, we adjust our 2Q25E TSLA model after our review of: (a) our expectation for an increase in gross profit/car sold QoQ as other cars sold saw price increases (i.e., +$5K for all... More
