Cantor Fitzgerald has reaffirmed its optimistic outlook for Tesla (NASDAQ: TSLA), maintaining an “Overweight” rating and a price target of $355 despite a drop in the company’s vehicle deliveries for the second quarter of 2025. Tesla reported delivering 384,122 vehicles in Q2, a decrease from 443,956 units during the same period last year. While demand has softened in certain European countries and CEO Elon Musk continues to stir controversy, Cantor remains confident in Tesla’s long-term growth potential within the electric vehicle sector.
Q2 Performance Analysis
In its Q2 report, Tesla noted that 373,728 of the delivered vehicles were the popular Model 3 and Model Y units. The balance, amounting to 10,394 units, came from the Model S, Model X, and the newly launched Cybertruck. Production figures remained relatively stable year-over-year, with a total of 410,244 units manufactured.
On the energy front, Tesla made strides by deploying 9.6 GWh of energy storage, surpassing last year’s 9.4 GWh. According to a report by Investing.com, the company retains a robust financial position, evidenced by a trailing twelve-month revenue of $95.7 billion and a gross margin of 17.7%.
Market Volatility and Analyst Perspectives
Despite the positive long-term outlook, Tesla’s market cap dipped to $941 billion on Monday, affected by volatility linked to CEO Musk’s recent political activities on social media platform X. Musk’s announcement of forming the “America Party” as a new political option in the United States has drawn criticism from figures such as U.S. President Donald Trump.
Nevertheless, some analysts continue to express confidence in Tesla’s stock. Apart from Cantor Fitzgerald, Canaccord Genuity has also reinforced its “Buy” rating, noting that Tesla’s Q2 vehicle deliveries exceeded their expectations by 24,000 units. Canaccord highlights Tesla’s resilience in several markets, even amid the year-over-year delivery decline.
In conclusion, while Tesla faces challenges both in the market and from external controversies, major financial firms like Cantor Fitzgerald and Canaccord Genuity remain steadfast in their bullish projections for the company, underscoring its pivotal role in the evolving EV landscape.
