Cantor Fitzgerald reaffirms its 'Overweight' rating for Tesla (TSLA) with a $355 price target following the release of Q2 2025 vehicle delivery and production report.
In Q2 2025, Tesla delivered 384,122 vehicles, slightly lower than Q2 2024's figure. Cantor Fitzgerald remains optimistic about Tesla's long-term growth despite challenges.
Tesla delivered 373,728 Model 3 and Model Y units in Q2, maintaining a total production of 410,244 units. The firm also saw growth in its energy division.
Tesla's stock faced volatility, dropping to a $941 billion market cap following controversies surrounding CEO Elon Musk's political announcements. Despite this, some analysts like Canaccord Genuity are positive on Tesla's performance.