Walter Bloomberg
2025.07.03 13:24

$Tesla(TSLA.US) - TESLA 'VERY STRONG' JUNE 'LOOKS LIKE AN ABERRATION,' SAYS HSBC

HSBC says Tesla's reported Q2 volumes "imply an exceptional June" and finds it "difficult to explain this sales bump." Q3 may see some pulled forward demand ahead of the new tax bill, but the firm thinks the June result "looks like an aberration" and doesn't expect the 170,000-180,000 vehicle June run-rate to "be the new normal," the analyst tells investors. HSBC maintains a Reduce rating and $120 price target on Tesla shares.

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