Cantor Fitzgerald Reiterates Bullish Stance on Tesla Amid Q2 2025 Deliveries
Jul 8, 2025

Cantor Fitzgerald Reiterates Bullish Stance on Tesla Amid Q2 2025 Deliveries

AI-summarised brief · reviewed before publication

Cantor Fitzgerald is maintaining its bullish stance on Tesla (NASDAQ: TSLA), reiterating its "Overweight" rating and $355 price target despite the company's release of its Q2 2025 vehicle delivery and production report. Tesla delivered 384,122 vehicles in Q2 2025, falling below last year's Q2 figure of 443,956 units. Despite softer demand in some countries in Europe and ongoing controversies surrounding CEO Elon Musk, Cantor Fitzgerald believes Tesla is a long-term growth story in the EV sector. Tesla's Q2 results showed that among the 384,122 vehicles delivered, 373,728 were Model 3 and Model Y. The remaining 10,394 units were attributed to the Model S, Model X, and Cybertruck. Production was largely flat year-over-year at 410,244 units. In the energy division, Tesla deployed 9.6 GWh of energy storage in Q2, which was above last year's 9.4 GWh. Overall, Tesla continues to hold a strong position with $95.7 billion in trailing twelve-month revenue and a 17.7% gross margin. Tesla's market cap fell to $941 billion on Monday amid volatility that was likely caused in part by CEO Elon Musk's political posts on X over the weekend. Musk has announced that he is forming the America Party to serve as a third option for voters in the United States, a decision that has earned the ire of U.S. President Donald Trump. Despite Musk's controversial nature, some analysts remain bullish on TSLA stock. Apart from Cantor Fitzgerald, Canaccord Genuity also reiterated its "Buy" rating on Tesla shares, highlighting the company's positive Q2 vehicle deliveries, which exceeded its expectations by 24,000 units. Canaccord also noted that Tesla remains strong in several markets despite its year-over-year decline in deliveries.