With Q2 Earnings In The Rearview Mirror, Tesla's AI Future Comes Into Focus

Benzinga
2025.07.29 20:08
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Tesla Inc shares are slightly down as investors assess the company's AI ambitions amid financial challenges. Tesla confirmed a $16.5 billion deal with Samsung for the AI6 chip, expected to enhance autonomous capabilities. Despite a Q2 earnings miss, with revenues down 12% year-over-year, Tesla plans affordable models by 2025. Analyst ratings vary, with RBC maintaining an Outperform rating and raising the price target to $325, while Morgan Stanley predicts a $200 billion self-driving market by 2030. Tesla shares are trading at $321.20, down 1.35%.