GLJ Research analyst Gordon Johnson lowered the firm’s year-end price target on Tesla (TSLA) to $19.05 from $24.86 and keeps a Sell rating on the shares. For Q1, the firm expects Tesla to report revenue and non-GAAP EPS of $19.6B and 25c, versus consensus at $21.5B and 44c, respectively. For FY25, the firm forecasts Tesla to report revenue and non-GAAP EPS of $80.4B and $1.27, versus consensus at $107B and $2.64, respectively. The firm adds in its preview of tomorrow’s quarterly report that its Q4-to-Q1 EPS bridge suggests consensus is “far too high” on its Q1 EPS estimate for Tesla.
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