Tesla's Q2 earnings missed expectations, with profits down 43% due to an EV price war and rising costs. Analysts race to reset Tesla stock price targets, with some maintaining bullish views on its long-term potential.
Tesla delayed its Robotaxi Day event and emphasized the importance of AI to its future. Similarly, Alphabet reported strong growth in its cloud division and core search business, but concerns over AI-driven capital spending led to analyst revisions of Google's stock price targets.
Palantir also saw its stock price target reset ahead of Q2 earnings. Apple's shares reached a record high as analysts upgraded their price targets, while The Trade Desk received positive coverage with an outperform rating.
The weak Q2 results from Tesla and Google impacted the stock market, leading to a slump in tech stocks. Investors are also monitoring political changes and upcoming earnings reports from IBM, AT&T, and Ford.
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