Baird reiterates "neutral" rating on Tesla, soft automotive business leads to lower delivery expectations.
Baird analyst reiterated a "neutral" rating on Tesla and lowered their delivery and regulatory credit expectations for the second half of 2025, citing signs of weakness in its automotive business. The analyst believes that the market's profit expectations for Tesla are still too high, and calls on the company to provide a clear timeline for its autonomous taxi and Optimus projects.
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