Tesla ‘very strong’ June ‘looks like an aberration,’ says HSBC

July 04, 2025 06:25 AM PDT | By EODHD

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Tesla ‘very strong’ June ‘looks like an aberration,’ says HSBC — Image source: Kalkine Media

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HSBC says Tesla’s (TSLA) 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. Don’t Miss TipRanks’ Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.

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