"Shares of Tesla Inc. (NASDAQ:TSLA) lost 1.45% over the past five trading sessions after gaining 3.05% over the prior five. Over the past month, the stock is up 10.32% despite the company reporting expectedly poor Q2 financials. TSLA remains down more than 22% from its year-to-date high on Jan. 15, and since hitting its all-time high on Dec. 17, 2024, TSLA is down more than 30%."
"Goldman Sachs raised its price target on TSLA to $315 from $285 while maintaining a "Neutral" rating. Benchmark raised its price target on TSLA to $475 from $350 while maintaining a "Buy" rating following the successful launch of Tesla's robotaxi business in Austin. UBS raised its price target on TSLA to $215 from $190 but maintained its "Sell" rating. Mizuho lowered its price target on TSLA to $375 from $390 while maintaining its "Outperform" rating."
Shares of Tesla lost 1.45% over the past five trading sessions after gaining 3.05% over the prior five; the stock is up 10.32% over the past month but remains down more than 22% from its year-to-date high and more than 30% since the all-time high on Dec. 17, 2024. Q2 results showed revenues down 12% year over year, EPS down 23% YoY, operating income down 42% YoY, and vehicle deliveries of 384,122, down 14% YoY. Analysts revised price targets in June and July: Goldman to $315 (Neutral), Benchmark to $475 (Buy), UBS to $215 (Sell), and Mizuho to $375 (Outperform). The successful launch of a robotaxi business in Austin and rising EV competition, including a Jeff Bezos-backed startup, add uncertainty. A further drawdown could present a medium-term buying opportunity if key operational and market drivers materialize.
Read at 24/7 Wall St.
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