Reported 2 days ago
Tesla (TSLA) reported disappointing Q2 earnings, with a 16% decline in automotive revenue year-over-year, totaling $16.7 billion. Despite the earnings miss, Morgan Stanley reaffirmed its 'Overweight' rating and $410 price target for the stock. Analyst Adam Jonas has adjusted his FY 2025 earnings per share expectation downward by 14% due to lower deliveries and increased operating expenses. While Tesla is facing challenges, including reduced volume and higher costs, it remains a key player in the autonomous driving space.
Source: YAHOO