Tesla's easy money from regulatory credits set to dry up amid weakening sales

Go back to Tesla's easy money from regulatory credits set to dry up amid weakening sales

GLJ Research on Tesla (TSLA): 'We See Results Coming in Largely In line'

July 22, 2025 7:45 AM EDT

GLJ 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