Benchmark Keeps Tesla’s $475 PT Ahead of Q2 Earnings

Benchmark analyst Mickey Legg reiterated a Buy rating and $475 price target on Tesla.

“We forecast revenues of approximately $22.7 billion, representing a sequential increase of 17% from $19.3 billion in the first quarter and slightly above consensus of $22.3 billion.

Our EPS estimate is $0.33, modestly below the consensus forecast of $0.40 and reflecting near-term margin pressures from tariff headwinds, pricing challenges, and elevated warranty expenses. Maintain Buy & $475 Price Target.”

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.