Crispr Therapeutics shares tumble after significant earnings miss
Investing.com - Baird maintained its Neutral rating and $320.00 price target on Tesla (NASDAQ:TSLA) stock Wednesday, citing potential delivery challenges for the electric vehicle maker.
The research firm projected Tesla deliveries at 377,000 vehicles, falling below the FactSet consensus estimate of 392,800 units. Baird pointed to weakness in third-party data through May and the lingering effects of new Model Y production ramp-up as key factors behind its lower forecast.
While vehicle deliveries remain a fundamental metric for Tesla’s performance, Baird noted that the recent robotaxi launch and market excitement surrounding this new business opportunity would likely overshadow near-term delivery results.
The firm expressed concern about Tesla’s upcoming affordable vehicle launch, suggesting it could have a "net negative margin impact" for the second half of 2025.
Tesla’s strategic pivot toward autonomous driving technology comes as the company faces increasing competition in the electric vehicle market, with traditional automakers and new entrants expanding their EV offerings globally.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.