** Shares of EV maker Tesla TSLA.O up 1.4% at $334.29 premarket
** BofA raises Tesla's PT to $341 from $305 to adjust for higher cash balance
** Brokerage revised down its gross margin estimates to account for the tariff impact on TSLA's energy storage business
** "Tariffs are a potential source of margin deterioration, which may be challenging to overcome in the immediate term" - BofA
** BofA is more optimistic about Q3 and views Q4 negatively due to the potential demand pull-forward, stemming from EV incentives phasing out by the end of September
** For TSLA's Q2 earnings, brokerage is focusing on updates to a cheaper vehicle and the timeline for unsupervised FSD rollout
** 23 of 53 brokerages rate the stock "buy" or higher, 20 "hold" and 10 "sell" or lower; their median PT is $303 - LSEG data
** Up to last close, stock had fallen 18% YTD
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