Wall Street is bracing for a rocky road ahead for shares of Tesla on the heels of a messy second-quarter print.
That week Tesla shares rallied more than 27% to briefly erase a year-to-date loss .
UBS analyst Joseph Spak noted the current stock price reflects a investors ascribing a "hefty value" to these plans.
His $120 price target implies about 28% downside from Tuesday's close.
Piper Sandler's Alexander Potter upped his price target to $300 from $205 a share, citing expectations for a faster-than-expected rollout of full self-driving (FSD) capabilities.
Persons:
Tesla, Wells Fargo's Colin Langan, Cantor Fitzgerald, Pierre Ferragu, Goldman Sachs, Mark Delaney, Delaney, Joseph Spak, Spak, Toni Sacconaghi, Piper Sandler's Alexander Potter, Baird's Ben Kallo, Stephen Gengaro
Organizations:
Tesla, UBS, EV
Locations:
1H25