Tesla Stock Faces 'Critical Milestone' Ahead: Here's What Analysts Are Saying

Analysts maintained their ratings for Tesla despite the company's weak earnings, according to Benzinga. Needham’s Chris Pierce reiterated a Hold rating on Tesla with no price target. Wedbush’s Dan Ives and Cantor Fitzgerald’s Andres Sheppard maintained bullish ratings with price targets of $500 and $355, respectively. Pierce said near-term headwinds and high valuation could outweigh Tesla’s long-term potential in autonomy and called the 2025 launch of a cheaper model a critical milestone. Wedbush’s Ives said Tesla is making progress in autonomy and AI despite weak EV demand and called Musk a "wartime CEO." Sheppard highlighted Tesla's progress toward volume production of several models and noted the company’s future upside in Full Self-Driving, Robotaxi, and AI. Tesla stock is down 8.8% to $303.19 on Thursday