Wedbush Tesla · TSLA

Wedbush Reaffirms Outperform on Tesla, $515 Price Target

January 2, 2025 Analyst: Daniel Ives 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$515
Outcome
Missed
within 12 months
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What the analyst said

Wedbush analyst Daniel Ives reiterated an Outperform rating and $515 price target on Tesla (NASDAQ: TSLA).

“This morning TSLA announced its Q4 delivery numbers of 495.6k vehicles below both the Street’s 504.8k estimate and Street whisper numbers of ~500k representing the first annual decline in delivery volumes in the company’s history.

Overall we would characterize this is a respectable delivery number although the Street and bulls wanted to see a 500k+ number and the stock will be a bit weak on the knee jerk reaction.

Model 3/Y deliveries was 471.9k and Other Models 23.6k with total production of 459.5k.

Looking to FY25, we remain highly confident in Tesla’s ability to accelerate delivery growth into FY25 with 20%-30% delivery growth targets the focus for the Street as TSLA is also expected to launch its lower-priced EV in early 2025 to spur growth for vehicle deliveries.

We maintain our OUTPERFORM rating and $515 price target.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

TSLA trades at $355. The 19 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $450. This $515 target is 14% above the median, the highest on the Street.

Since the note TSLA has moved −12% (from $404). The 12-month window closed on January 2, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note TSLA closed at $438, 15% below the $515 target, but it moved the way the analyst expected.

Firm track recordWedbush: 25% of its 8 targets at least a year old were reached within 12 months (#28 of 28 firms); on Tesla, 2 of 8. Accuracy ranking →

Wedbush on Tesla

Wedbush price targets on Tesla

8 calls from September 5, 2025 to April 2, 2026. The target went from $500 to $600 (+20%). The rating stayed Buy.

Wedbush targetTSLA share price
  1. April 2, 2026Kept the $600 targetBuy$600
  2. January 2, 2026Kept the $600 targetBuy$600
  3. December 15, 2025Kept the $600 targetBuy$600
  4. October 23, 2025Kept the $600 targetBuy$600
  5. October 20, 2025Kept the $600 targetBuy$600
  6. October 7, 2025Kept the $600 targetBuy$600
  7. September 26, 2025Target raised from $500 (+20%)Buy$600
  8. September 5, 2025Earliest call shownBuy$500
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Other analysts on Tesla

JP MorganHold Kept rating and price target · Oct 16 $415maintained Yorkville IvesBuy Kept rating and price target · Oct 12 $500maintained Yorkville IvesBuy Initiated coverage · Oct 7 $500 UBSHold Raised price target +2%, kept rating · Oct 7 $391from $385 Goldman SachsHold Kept rating and price target · Oct 6 $360maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.