"After soaring in 2023 and 2024, shares of Tesla(NASDAQ:TSLA) were battered throughout Q1 2025. And while the stock performed marginally better in Q2, the largest U.S. EV-maker slid into Q3. But over the past five trading sessions, the stock gained 2.04% after gaining 5.17%% the five prior. That recent rally has brought it out of the red on the year with a YTD gain of 15.74%. However, since hitting its all-time high on Dec. 17, TSLA remains down 8.81%."
"Shareholders are hoping that the launch of Tesla's Robotaxi can help the stock, which has seen increased volatility in the wake of abysmal Q1 and Q2 earnings and the ongoing fallout with the Trump administration. Global Tesla sales are looking weaker than they are in the U.S. Since launching in India in mid-July, Tesla has only received a paltry 600 orders. Nonetheless, on Sept. 22, Mizuho raised its price target on Tesla to $450 from $375 while keeping its "Outperform" rating."
"More recently, Canaccord raised its price target on Tesla to $490 from $333 while keeping a "Buy" rating, citing data from 30 counties showing Tesla's deliveries are rising. After several quarters of weakening momentum, Tesla's deliveries are seeing a positive break in trend, according to Canaccord. Further, the firm expects Tesla to announce new electric vehicle models soon, which should help its global sales momentum. The new models will help alleviate any post-Q3 "cliff" in the U.S. after electric vehicle tax credits go away, Canaccord believes."
Tesla shares rallied in 2023–2024 but weakened through Q1 2025 and slid into Q3 despite marginal improvement in Q2. A recent short-term rebound returned the stock to a 15.74% year-to-date gain while remaining about 8.8% below its December all-time high. Investors are focused on a possible Robotaxi launch, volatile Q1–Q2 earnings, and political fallout. Global deliveries lag U.S. performance, with roughly 600 orders in India since mid-July. Mizuho and Canaccord raised price targets to $450 and $490, respectively, citing rising deliveries in sampled counties and the prospect of new EV models to sustain momentum.
Read at 24/7 Wall St.
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