TSLA - STIFEL CUTS TESLA PRICE TARGET, KEEPS BUY Stifel lowered its Tesla price target to $491 from $508, while maintaining a Buy rating. The firm cited weaker profitability after Q2, with gross margin falling to 16.8% and adjusted EBITDA missing expectations. Despite this, Stifel remains bullish on FSD and Robotaxi, pointing to a growing order backlog and the Model YL launch as key long-term catalysts.(*Walter Bloomberg)