Stifel Reiterates Buy Rating on Tesla (TSLA)

Stifel analyst Stephen Gengaro reiterated a Buy rating and $450.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented, "2Q25 results and commentary are likely neutral for TSLA. Positives include: 1) successful launch and expansion of its robotaxis in Austin with potential autonomous ride hailing addressing half of the U.S. population by year-end; 2) start of production for lower-priced vehicle expected to ramp in 2H25, though slower-than-originally-anticipated; 3) profitability aided by lower cost per vehicle, partially offset by fixed-cost absorption and tariffs; and 4) confidence in Unsupervised FSD for personal use in certain geographies by year-end 2025. Negatives include: 1) negative sentiment on demand amid weak deliveries; 2) tariff impact expected in Automotive and Energy businesses; 3) reduced focus on ramp of new models in 2025; and 4) focus on delivering as many vehicles as possible before the $7,500 credit expires. We reiterate our belief that TSLA remains very well positioned, and FSD and Robotaxi will be critical value drivers. Our target price is $450."

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $332.56 yesterday.

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