12:20 PM EDT, 04/02/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target by $25 to $360, based on a 2026 P/E of 100x, justified by long-term growth expectations. We lower our EPS estimates to $2.45 from $2.50 for 2025 and to $3.60 from $3.85 for 2026 on lower auto sales volume expectations. This morning, TSLA reported Q1 deliveries of 336,681 vehicles, short of the 377,000 consensus and our estimate of 360,000. The total represents a 13.0% decline from the 386,810 units sold in Q1 2024. Auto volumes were negatively impacted by the changeover of Model Y lines across all four factories, leading to several weeks of lost production. On the positive side, TSLA's higher-margin energy storage segment posted its second strongest quarter ever for deployments, up over 150% Y/Y to 10.4 GWh. While TSLA's Q1 deliveries were disappointing, shares are taking the release in stride (-1%) and we continue to expect a strong sequential rebound in auto volumes starting this quarter. We also view TSLA's lesser exposure to tariffs is an underappreciated aspect of the story.