Tesla stocks drew attention ahead of the electric vehicle maker's second-quarter earnings report due later this week, with Wall Street projecting revenue of $26.36 billion, up from $22.50 billion in the prior year quarter, and adjusted earnings per share rising 35% to $0.54, according to Fiscal.ai data. On Monday, Cantor Fitzgerald reiterated its 'Overweight' rating on Tesla stocks, citing the company's Robotaxi business and upcoming Cybercab platform as a high-margin software-as-a-service opportunity, while last week Morgan Stanley raised its price target to $417 from $415. The moves came as Tesla stocks declined 14.5% year-to-date and traded down 1.7% at the time of writing, with analysts focusing on the company's autonomous driving roadmap and AI developments as key long-term value drivers.
Cantor Fitzgerald Reiterates Overweight Rating on Tesla Robotaxi Potential
Cantor Fitzgerald maintained its 'Overweight' rating on Tesla stocks on Monday, stating the company's Robotaxi business and upcoming Cybercab platform represent a high-margin software-as-a-service opportunity, according to a CNBC report. The firm stated Tesla can rapidly scale the robotaxi business after commercialization and capture meaningful market share, despite delays to broader expansion.
Morgan Stanley raised its price target to $417 from $415 last week while maintaining an 'Equal Weight' rating, according to The Fly. The firm stated it expects strong automotive and energy results and noted that Robotaxi and the Optimus humanoid robot remain the biggest long-term drivers of the stock.
Koyfin data shows Tesla stocks carry a consensus 12-month price target of $425.22, representing a 14% potential upside from current levels. Of the 47 analysts covering the stock, 22 rate it 'Buy', 19 'Hold', and six 'Sell'.
Tesla Q2 Deliveries Exceed Wall Street Estimates by 18%
Tesla delivered 480,126 vehicles in the second quarter, up 25% year over year and above Wall Street estimates of roughly 406,600 units. Morningstar stated it expects Tesla's deliveries to rise about 10% in 2026 to nearly 1.8 million vehicles.
Bloomberg reported on Sunday that Tesla expects significantly higher production at its Grünheide plant in Germany due to improving demand. The factory is targeting output of up to 7,500 vehicles per week, while its planned battery production expansion is expected to create around 3,500 jobs.
Retail Investors Expect Tesla Stocks to Climb Past $450
Retail sentiment surrounding Tesla stocks on Stocktwits remained 'bullish' over the past 24 hours. One user stated they expect the stock to climb past $450 post-earnings, while another user said they would be adding any "major dips."
FAQ
What are Wall Street's expectations for Tesla's Q2 earnings?
Wall Street expects Tesla to report revenue of $26.36 billion, up from $22.50 billion in the prior year quarter, and adjusted earnings per share of $0.54, representing a 35% increase, according to Fiscal.ai data.
Why did Cantor Fitzgerald reiterate its Overweight rating on Tesla stocks?
Cantor Fitzgerald reiterated its 'Overweight' rating on Monday, citing Tesla's Robotaxi business and upcoming Cybercab platform as a high-margin software-as-a-service opportunity. The firm stated Tesla can rapidly scale the robotaxi business after commercialization and capture meaningful market share.
How did Tesla's Q2 vehicle deliveries compare to Wall Street estimates?
Tesla delivered 480,126 vehicles in the second quarter, up 25% year over year, exceeding Wall Street estimates of roughly 406,600 units by approximately 18%.
