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Cantor Fitzgerald keeps Overweight on Tesla after pre-announced Q2 deliveries

Cantor Fitzgerald notes that Tesla (TSLA) preannounced that it delivered 384,122 vehicles in Q2 2025, in-line with Visible Alpha consensus of 385,086, and below 443,956 in Q2 2024. Separately, Tesla also preannounced that it produced 410,244 vehicles in Q2 2025, below Visible Alpha consensus of 434,227 vehicles and vs. 410,831 vehicles in Q2 2024. Cantor believes Tesla benefits from future upside from its Full Self-Driving software plus upcoming Robotaxi segment, the introduction of lower-priced models, a global manufacturing footprint with economies-of-scale, and the industry’s largest Charging Infrastructure. The firm also thinks Tesla will benefit from an acceleration of AI, software, and fleet-based profit. Cantor has an Overweight rating on the shares with a price target of $355.

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