Cantor Fitzgerald analyst Andres Sheppard updated his revenue estimates for Tesla (TSLA) ahead of its second-quarter earnings report, scheduled for release on Wednesday. The five-star analyst cut his Q2 sales forecast by 12.9%, from $24.1 billion to nearly $21 billion. He cited soft vehicle deliveries along with lower energy generation and storage sales as key reasons behind the move.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Sheppard noted that TSLA’s Q2 vehicle deliveries totaled 384,122 units, down both sequentially and year-over-year.
Nevertheless, the analyst maintained his full-year 2025 and 2026 revenue and earnings estimates. Also, he expects the company will provide an updated annual sales outlook.
Overall, he maintained a Buy rating on Tesla stock with a $355 price target, implying an upside potential of 7.99%.
Analyst Eyes Updates on TSLA’s Low-Cost EV and Robotaxi
Sheppard remains bullish on Tesla’s long-term prospects, pointing to its upcoming low-priced models and Robotaxi rollout. At the Q2 earnings call, the Top analyst expects TSLA to share a clearer timeline for its affordable vehicle, which was originally aimed for early 2025.
Further, at the upcoming call, Sheppard plans to ask about expected vehicle demand in the second half of 2025, the impact of tariffs, and updates on robotaxi service expansion plans.
Looking ahead, the analyst is confident about Tesla’s Robotaxi plans, seeing it as a high-profit software model that can scale quickly. The firm believes Tesla could grab a large share of the self-driving and ride-hailing markets.
Is TSLA Stock a Buy?
Turning to Wall Street, TSLA stock has a Hold consensus rating based on 13 Buys, 13 Holds, and eight Sells assigned in the last three months. At $299.52, the average Tesla price target implies an 8.84% downside potential. The stock has declined 20.59% over the past six months.
