Analysts adjust price targets for Tesla and Google after disappointing Q2 earnings

The Q2 earnings reports from Tesla and Google have led analysts to revise their price targets for the companies. Tesla reported lower-than-expected earnings, leading to a drop in its stock price.

Analysts have noted the challenges that Tesla faces in achieving its ambitious vision for the future, including regulatory hurdles and profitability concerns. Google, on the other hand, reported strong growth in its cloud division and core search business.

However, concerns over the company's accelerated spending on AI-driven initiatives have led analysts to question whether revenue growth can outpace expenses in the long term. Overall, the Q2 earnings reports have had a significant impact on the stock prices of both companies, highlighting the importance of financial performance and investor confidence in the tech industry.