Tesla stock price target maintained at $475 by Benchmark after Q2 results

Investing.com - Benchmark maintained its Buy rating and $475.00 price target on Tesla (NASDAQ:TSLA) following the electric vehicle maker’s second-quarter earnings report. According to InvestingPro data, Tesla currently trades at a P/E ratio of 160x, significantly above industry averages, suggesting the stock is trading above its Fair Value.

Tesla reported revenue of $22.5 billion for Q2 2025, slightly below Benchmark’s estimate of $22.6 billion but above the consensus forecast of $22.1 billion. The company achieved a gross margin of 17%, exceeding both Benchmark’s and consensus estimates of 16%.

GAAP diluted earnings per share came in at $0.33, matching Benchmark’s projection and surpassing the consensus estimate of $0.30. The firm noted that Tesla’s results reflected approximately $300 million in tariff effects, a promotional pricing environment, and elevated warranty expenses.

Despite these headwinds, Benchmark observed that Tesla continued to execute on its core strategic pillars of autonomy, artificial intelligence, and energy. The research firm emphasized that investors should focus on upcoming opportunities rather than short-term challenges.

Benchmark highlighted several growth catalysts for Tesla, including new affordable vehicle models scheduled for the second half of 2025, meaningful robotaxi revenues expected in the second half of 2026, and at-scale production of the Optimus robot in the long term.

In other recent news, Tesla’s second-quarter earnings report revealed that while the company’s revenue and gross margins surpassed expectations, its free cash flow fell short by about $200 million. Cantor Fitzgerald maintained its Overweight rating on Tesla, setting a price target of $355.00, despite describing the results as "mild." Meanwhile, Oppenheimer also reiterated its Perform rating, noting Tesla’s focus on autonomous and artificial intelligence technologies during its earnings call. In a separate development, Tesla has lowered its capital expenditure forecast for 2025 to over $9 billion, which is below the average analyst estimate of $10.16 billion. UBS continues to hold a Sell rating on Tesla, with a price target of $215.00, due to concerns about the potential end of the $7,500 consumer EV tax credit in the U.S. and challenges in European and Chinese markets. Additionally, Tesla has entered a partnership with Sunrun (NASDAQ:RUN) to launch a home energy solution in Texas, combining solar and storage services with a Tesla Electric retail plan. This collaboration aims to offer Texas residents lower electricity rates and backup power.

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