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Truist Securities maintains Tesla stock rating, keeps $280 price target

Published 24/07/2025, 08:12
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TSLA
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Investing.com - Truist Securities reiterated its Hold rating on Tesla (NASDAQ:TSLA) stock with a price target of $280.00 following the company's second-quarter results. The electric vehicle giant, currently trading at $332.56 with a market capitalization of $1.07 trillion, is showing mixed signals according to InvestingPro data.

The research firm described Tesla's Q2 performance as "noisy," though noted that revenue and earnings per share were in line with expectations.

Truist highlighted management's acknowledgment that tariffs, along with changes to consumer and regulatory credits, could drive revenue, earnings per share, and free cash flow lower in the coming quarters, potentially reducing some of Tesla's $37 billion cash position.

The firm pointed out that Tesla provided "remarkably little detail" on key factors including new lower-priced vehicles, Full Self-Driving (FSD) technology, the Dojo supercomputer, and the Optimus robot.

Truist Securities maintained its discounted cash flow-based price target of $280, noting that its medium and long-term outlook remains unchanged as forecasts now rely "more on imagination than realistic targets."

In other recent news, Tesla Inc. reported its second-quarter 2025 earnings, which aligned with market expectations for earnings per share (EPS) and slightly exceeded revenue forecasts. The company announced an EPS of $0.40, matching analysts' predictions, while revenue reached $22.5 billion, just above the anticipated $22.4 billion. Canaccord Genuity has also raised its price target for Tesla to $333 from $303, maintaining a Buy rating on the company's shares. This adjustment reflects a multiple of approximately 38 times the firm's 2027 estimated non-GAAP earnings per share of $8.77 for Tesla. These developments indicate a positive outlook from analysts regarding Tesla's financial performance and future potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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