Analysts Stand by Tesla Stock as Q2 Miss Isn't a Dealbreaker
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Tesla delivered 384,122 vehicles in the second quarter, down 13.5% year-over-year. While this marks the steepest quarterly drop in the company's history, the number was nearly in line with Wall Street's estimate of around 386,000. Ahead of the release, analysts had been expecting a figure closer to 355,000, making the final result better than many had feared.
Goldman Hikes Tesla Price Target on TSLA Stock
On Thursday, Goldman Sachs' five-star-rated analyst Mark Delaney raised his price target on TSLA stock from $285 to $315. The firm kept its Neutral rating on the stock. Delaney noted that Tesla's Q2 deliveries were still 'meaningfully better' than Goldman's forecast of 365,000 units and broader investor expectations.
Canaccord Maintains Buy Rating
Tesla's Q2 2025 deliveries also exceeded Canaccord's recently revised forecast by roughly 24,000 units, with strong sales in China, Norway, France, Spain, and Turkey. Having said that, Canaccord partly attributes the 13.5% decline to the impact of CEO Elon Musk 's political affiliations.
Additionally, energy storage deployments grew by only about 2% year-over-year, showing a noticeable slowdown. Canaccord expressed concern over the pace of infrastructure development needed to support Tesla's energy and AI ambitions.
Looking ahead, the firm sees several potential catalysts for Tesla in the second half of 2025, including new vehicle launches, increasing momentum for the refreshed Model Y, and investor excitement around Robotaxi. Notably, Canaccord has reaffirmed its Buy rating with a $303 price target on TSLA stock.
What Are the Predictions for Tesla Stock?
On Wall Street, analysts have maintained a neutral stance on Tesla stock. According to TipRanks, TSLA stock has received a Hold consensus rating, with 14 Buys, 12 Holds, and nine Sells assigned in the last three months. The average Tesla stock price target is $293.09, suggesting a potential downside of 7% from the current level.
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