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Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $335.00 price target on Tesla (NASDAQ:TSLA), currently valued at over $1 trillion, following the electric vehicle maker’s second-quarter delivery report. According to InvestingPro data, 14 analysts have recently revised their earnings estimates downward for the upcoming period.
Tesla delivered 384,122 vehicles in the second quarter of 2025, which aligned with Visible Alpha consensus expectations of 385,086 but fell below the 443,956 vehicles delivered in the same quarter last year. The company produced 410,244 vehicles during the period, falling short of analyst consensus of 434,227 vehicles but remaining consistent with the 410,831 vehicles produced in Q2 2024. With last twelve months revenue of $95.72 billion and a gross profit margin of 17.66%, Tesla continues to face margin pressures in a competitive market.
In its energy business, Tesla deployed 9.6 GWh of energy storage products in Q2 2025, missing Visible Alpha consensus estimates of 11.8 GWh but slightly exceeding the approximately 9.4 GWh deployed in the second quarter of 2024.
Cantor Fitzgerald has adjusted its Q2 2025 revenue estimate downward to approximately $21 billion from its previous estimate of $24.1 billion, reflecting the reported vehicle deliveries and reduced expectations for energy generation and storage revenue.
The firm maintained its annual revenue and earnings per share estimates for both 2025 and 2026 despite the quarterly adjustments.
In other recent news, Tesla has introduced a series of discounts and incentives for its U.S. customers as the expiration of federal tax credits approaches. These promotions include a $7,500 lease incentive on certain vehicles delivered by September 30, reduced monthly lease payments, and lower financing rates. The company is also offering free upgrades on select models and a $1,000 discount for military personnel, first responders, teachers, and students. Additionally, Tesla has placed Raj Jegannathan, an IT executive, in charge of its sales team amid declining sales, following the departure of its top North American sales executive. Tesla also announced the upcoming launch of the Model YL, a new SUV variant, with Goldman Sachs maintaining a Neutral rating on the company. Barclays (LON:BARC) has maintained its Equalweight rating and $275 price target on Tesla, citing concerns about weaker fundamentals and a potential 10% volume decline in 2025. The firm notes that Tesla’s auto margins are expected to improve quarter-over-quarter but remain lower than previous years. Despite these challenges, Barclays highlights the upcoming earnings call as an opportunity for Tesla to present its robotaxi and autonomous vehicle plans.
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