Cantor Fitzgerald analyst Andres Sheppard has updated his revenue estimates for Tesla ahead of its second-quarter earnings report. Sheppard cut his Q2 sales forecast by 12.9%, citing soft vehicle deliveries and lower energy generation and storage sales as key reasons.
Tesla’s Q2 vehicle deliveries totaled 384,122 units, down both sequentially and year-over-year. However, Sheppard maintained his full-year revenue and earnings estimates for 2025 and 2026. He also expects the company to provide an updated annual sales outlook.
Despite the revenue cut, Sheppard remains bullish on Tesla’s long-term prospects. The analyst is confident about Tesla’s upcoming low-priced models and Robotaxi rollout, which he believes can scale quickly and generate high profits. He plans to ask about expected vehicle demand in the second half of 2025 and updates on robotaxi service expansion plans.
Wall Street analysts have a mixed view on TSLA stock, with a Hold consensus rating based on 13 Buys, 13 Holds, and eight Sells assigned in the last three months. The average Tesla price target implies an 8.84% downside potential, but Sheppard maintains a Buy rating on Tesla stock with a $355 price target, implying an upside potential of 7.99%.
Source: https://www.tipranks.com/news/dont-ignore-this-warning-top-analyst-trims-teslas-tsla-q2-sales-estimate-by-13