"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 lost 0.08% after losing 2.40%% the five prior. Despite that stock slipping slightly over the past two weeks, its recent rally has brought it out of the red on the year with a YTD gain of 16.95%. However, since hitting its all-time high on Dec. 17, TSLA remains down 7.61%."
"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,"
"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."
Tesla shares fell through Q1 2025, improved marginally in Q2, then slid into Q3, yet a recent rally produced a 16.95% year-to-date gain while the stock remains 7.61% below its Dec. 17 all-time high. Shareholders expect the Robotaxi launch to support the stock amid volatility from weak Q1 and Q2 earnings and regulatory fallout. Global sales show weakness outside the U.S., with only 600 orders in India since mid-July. Mizuho raised its price target to $450 and Canaccord to $490 after delivery data from 30 countries showed improving momentum; Canaccord expects new models to blunt a potential post-Q3 U.S. tax-credit cliff.
Read at 24/7 Wall St.
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