BofA update shows where active managers are putting money
Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $355.00 price target on Tesla (NASDAQ:TSLA), currently valued at over $1 trillion, following the company’s second-quarter delivery report. According to InvestingPro data, the stock is trading at a P/E ratio of 166.5, suggesting a premium valuation relative to peers.
Tesla delivered 384,122 vehicles in the second quarter of 2025, closely aligning with analyst expectations of 385,086 vehicles but falling below the 443,956 units delivered in the same period last year. The delivery breakdown showed 373,728 were Model 3 and Model Y vehicles, while the remaining 10,394 consisted of Model S, Model X, and Cybertruck models. With revenue of $95.7 billion in the last twelve months and a gross margin of 17.7%, Tesla maintains its position as a prominent player in the automotive industry.
The electric vehicle manufacturer reported production of 410,244 vehicles for the quarter, which fell short of analyst projections of 434,227 units but remained nearly unchanged from the 410,831 vehicles produced in the second quarter of 2024.
Tesla’s second-quarter sales were reportedly impacted by weakened demand in European markets and CEO Elon Musk’s controversial political statements, among other factors affecting the company’s performance. With 14 analysts recently revising earnings estimates downward and the stock showing high volatility (Beta: 2.4), investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research reports.
In a separate announcement on July 2, Tesla revealed it had deployed 9.6 gigawatt-hours (GWh) of energy storage products during the quarter, below analyst expectations of 11.8 GWh but slightly above the approximately 9.4 GWh deployed in the second quarter of 2024. Investors awaiting Tesla’s next earnings report on July 23 can access additional financial metrics and expert analysis through InvestingPro’s comprehensive coverage of over 1,400 US stocks.
In other recent news, Tesla reported a 12% increase in new car sales in the UK for June, selling 7,891 units compared to 7,019 units the previous year. This growth coincided with the start of deliveries for the updated Model Y in the UK. Meanwhile, HSBC maintained its Reduce rating on Tesla, expressing concerns over the sustainability of its recent delivery growth despite a strong performance in June. The bank noted that Tesla’s second-quarter volumes rose 14% quarter-over-quarter, but questioned whether this pace could be maintained. In contrast, Canaccord Genuity reiterated its Buy rating on Tesla, highlighting a positive surprise in Q2 2025 deliveries, which exceeded expectations by 24,000 units. The firm noted Tesla’s strong performance in several international markets but acknowledged the company’s largest year-over-year decline in deliveries. Additionally, Canaccord pointed to potential catalysts for Tesla, including new models and the anticipated Robotaxi announcement. Energy storage deployments for Tesla showed modest growth, with Canaccord emphasizing the need for expansion in the company’s core business.
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