Mizuho Reaffirms Outperform on Tesla, $375 Price Target
- Rating
- Buy
- Price target
- $375
- Implied upside
- +13%
- vs $332.56 prior close
Mizuho analyst Vijay Rakesh reiterated an Outperform rating and $375 price target on Tesla (NASDAQ: TSLA)
“TSLA reported inline 2Q25E Rev/EPS of $22.5B/$0.40 (vs. cons. $22.6B/$0.42). Auto GMs ex-ZEV credits better at ~15% vs. cons. ~13.3%, up 250bps q/q.
TSLA did not guide 2025E deliveries noting ‘shifting global trade and fiscal policies’.
2Q25 deliveries were dn ~14% y/y, as we estimate full-year 2025E at dn 11% y/y though 2H25E slightly better with NA test drives up 20% q/q.
TSLA noting EV subsidy end in SepQ could see potential for some ‘rough quarters in 4Q25/1H26E’ with need to drive affordability/sales in the absence of subsidies.
Maintain Outperform, PT $375, adjust estimates, as we see TSLA positioned well to disrupt AV and Robotics despite near-term EV demand headwinds.”
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Tracking this call
Since this note+13% TSLA $332.56 → $375 (Oct 9) · target reached
This call✓ Target reached on Sep 12, 2025, 2 months after the note. Same target as this firm’s Jul 7, 2025 note, so it is scored there.
Firm track recordMizuho: 95% of its 20 targets at least a year old were reached within 12 months (#2 of 20 firms); on Tesla, 6 of 6. Accuracy ranking →
Other Tesla notes
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