Multiple generational growth drivers
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Tesla Stock Faces Demand, Political, Tariff Pressure: Why Analysts Focus On 'Multiple Generational Growth Drivers'
Benzinga· 2025-04-23 16:36
Core Viewpoint - Analysts express caution regarding Tesla's short-term outlook following missed revenue and earnings per share estimates in Q1 [1] Group 1: Analyst Insights - Truist Securities highlights weak delivery data and the withdrawal of 2025 growth guidance as negatives for Tesla [3] - Despite weak results, reaffirmation of operating goals is seen as a positive by analysts [4] - Needham notes that a demand rebound for Tesla may be challenging, citing political headwinds [5][6] - Goldman Sachs describes the first quarter as a mixed report, with key debates expected around new product launches and tariffs [6][7] - Stifel considers the weak first quarter not surprising, suggesting modestly positive implications for Q1 2025 [8] Group 2: Ratings and Price Targets - Truist maintains a Hold rating with a $280 price target [9] - Needham reiterates a Hold rating with no price target [9] - Goldman Sachs lowers its price target from $260 to $235 while maintaining a Neutral rating [9] - Stifel reiterates a Buy rating with a $455 price target [9] - Cantor Fitzgerald lowers its price target from $425 to $355 while maintaining an Overweight rating [9] - Piper Sandler maintains an Overweight rating with a $400 price target [9] - Benchmark reiterates a Buy rating with a $350 price target [9] - Canaccord Genuity lowers its price target from $404 to $303 while reiterating a Buy rating [9] Group 3: Future Outlook and Catalysts - Analysts remain optimistic about lower-priced vehicles, FSD rollout, and robotaxi progress as critical value drivers [10][11] - Upcoming catalysts include the launch of robotaxis in Texas and the introduction of lower-priced vehicles in H1 2025 [11][12] - Concerns about tariffs and macroeconomic uncertainties are noted, but long-term growth drivers are still seen as promising [13][17] - The stock's performance is contingent on a positive growth trajectory [17] Group 4: Market Performance - Tesla stock increased by 6.38% to $253.19, with a 52-week trading range of $157.40 to $488.54 [18]