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Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $355.00 price target on Tesla (NASDAQ:TSLA) following the electric vehicle maker’s second-quarter earnings report. According to InvestingPro data, analyst targets for Tesla currently range from $115 to $500, reflecting diverse market opinions on the $1.07 trillion market cap company.
The research firm described Tesla’s Q2 results as "mild," noting that while revenue and gross margins exceeded sell-side expectations, free cash flow missed consensus estimates by approximately $200 million. With trailing twelve-month revenue of $92.72 billion and a gross profit margin of 17.48%, Tesla maintains its position as a prominent player in the automotive industry. Tesla also did not provide updates on its annual company guidance or offer additional details about its robotaxi fleet expansion plans. For deeper insights into Tesla’s financial health and valuation metrics, InvestingPro offers comprehensive analysis through its Pro Research Report, available among 1,400+ top US stocks.
Tesla had previously guided for its automotive business to "return to growth" in fiscal year 2025 and for its energy storage business to grow "by at least 50%." On July 23, the company stated that "It is difficult to measure the impacts of shifting global trade and fiscal policies on the automotive and energy supply chains," making its full-year vehicle delivery and energy output expectations unclear.
Despite these concerns, Cantor Fitzgerald expressed encouragement about several developments, including Tesla’s reaffirmation of lower-priced vehicle production that began in June, the introduction of Cybercab (on track for 2026), and improving gross margins excluding regulatory credits, which reached 15.3% versus sell-side expectations of approximately 13%. InvestingPro analysis shows Tesla maintains a GOOD overall financial health score, with particularly strong cash flow metrics and more cash than debt on its balance sheet.
The research firm remains bullish on Tesla ahead of several catalysts, including robotaxi expansion to new cities expected in Q4 2025, broader release of Full Self-Driving (FSD) in China this year, FSD rollout in Europe pending regulatory approval, high-volume production of Optimus Bot in 2026, initial Optimus deliveries expected in 2027, and the introduction of the Semi Truck with production anticipated to start in 2026.
In other recent news, Tesla has been in the spotlight with several key developments. The company reported earnings that showed stronger-than-expected automotive gross margins, although overall results were in line with expectations. Notably, Tesla has lowered its capital expenditure forecast for 2025 to above $9 billion, which is below the average analyst estimate of $10.16 billion. Meanwhile, Tesla’s stock rating was reiterated at "Sell" by UBS, citing concerns over the potential end of the $7,500 consumer EV tax credit in the U.S. and competitive pressures in Europe and China.
Baird maintained a "Neutral" rating on Tesla, highlighting the surprising profitability of the company’s Energy business in its recent earnings report. Oppenheimer also maintained its "Perform" rating on Tesla, noting management’s focus on autonomous and artificial intelligence advancements. Additionally, Tesla has announced a partnership with Sunrun (NASDAQ:RUN) to launch a comprehensive home energy solution in Texas, combining solar and storage services with a customized retail plan. This collaboration aims to offer Texas homeowners lower electricity rates and backup power during outages.
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