Tesla’s (TSLA) second-quarter results may not have impressed investors, but Wall Street analysts still hold their ground. Despite weaker free cash flow, soft deliveries, and a warning from CEO Elon Musk about “rough quarters ahead,” several analysts reiterated their ratings, pointing to Tesla’s long-term growth potential. TSLA stock was down 9.2% on Thursday morning.
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Analysts Show Long-Term Confidence in TSLA Stock
Among the bullish analysts, Stephen Gengaro from Stifel maintained a Buy rating and $450 price target, calling the Q2 results “neutral” overall. He pointed to several positives, such as the successful launch of Tesla’s robotaxi fleet in Austin and early production of Tesla’s lower-cost vehicle.
While he noted concerns about weak demand, tariff impacts, and a slower ramp of new models, Gengaro sees Full Self-Driving (FSD) and Robotaxi as key long-term growth drivers.
Similarly, Cantor Fitzgerald analyst Andres Sheppard reiterated a Buy rating and $355 price target, describing the Q2 print as “mild.” He remains encouraged by the production of lower-priced vehicles, the Cybercab rollout still on track, and improving gross margins. Looking ahead, Sheppard sees upside from key catalysts including robotaxi expansion to new cities, broader FSD rollout in China and Europe, high-volume Optimus bot production in 2026, and the launch of Tesla’s Semi Truck.
Meanwhile, Oppenheimer analyst Colin Rusch maintained a Hold rating on TSLA stock. He said the company is focused on autonomy and AI, but warned that unclear rules and no clear path to making money are near-term concerns. Also, he thinks Tesla is handling changing policies well and sees the delay in launching low-priced cars after the EV tax credit ends as a smart way to boost sales.
At the same time, Needham’s Chris Pierce kept a Hold rating on Tesla stock, citing long-term potential in autonomy and robotics. However, he cautioned on weak demand, rising inventory, and a high valuation. He also noted Tesla’s early-stage robotics and lag in autonomous rideshare as reasons to stay neutral.
Is TSLA Stock a Buy?
Turning to Wall Street, TSLA stock has a Hold consensus rating based on 14 Buys, 13 Holds, and six Sells assigned in the last three months. At $310.43, the average Tesla price target implies a 2.59% upside potential. The stock has declined 16.3% over the past six months.
