Stifel Tesla · TSLA

Stifel Reiterates Buy on Tesla, $411 Price Target

January 2, 2025 Analyst: Stephen Gengaro 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$411
Outcome
Reached
on January 6, 2025
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What the analyst said

Stifel analyst Stephen Gengaro reiterated a Buy rating and $411 price target on Tesla (NASDAQ: TSLA).

“We believe TSLA’s 4Q24 production and delivery numbers are a modest negative for the shares.

4Q24 total deliveries of 495,570 trailed our 516,961 estimate, and total implied 2024 deliveries were about 1.1% south of 2023.

Deliveries of Model 3/Y of 471,930 modestly trailed our forecast, and other models (S/X/Cybertruck) also missed.

On the Energy Storage front, 11.0 GWh of deployments are an all-time quarterly high and align with our robust expectations for that business.

Overall, we believe the delivery miss will weigh on the shares.

We await details in the January 29 earnings release on Auto margins (specifically Automotive Sales gross profit per delivery not subject to leasing), which will shed some light on pricing/discounts.

4Q24 production of 459,445 missed our estimate by 12.1% and declined 2.2% sequentially.

Overall, we reiterate our belief that traction on FSD and Cybercab will be critical drivers to TSLA shares in 2025.”

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 $411 target is 9% below the median.

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

Track record

This call✓ Target reached on January 6, 2025, 4 days after the note.

Firm track recordStifel: 96% of its 28 targets at least a year old were reached within 12 months (#3 of 28 firms); on Tesla, 7 of 8. Accuracy ranking →

Stifel on Tesla

Stifel price targets on Tesla

8 calls from April 24, 2025 to August 3, 2026. The target went from $450 to $491 (+9%). The rating stayed Buy.

Stifel targetTSLA share price
  1. August 3, 2026Target cut from $508 (−3%)Buy$491
  2. April 23, 2026Kept the $508 targetBuy$508
  3. November 17, 2025Target raised from $483 (+5%)Buy$508
  4. October 23, 2025Kept the $483 targetBuy$483
  5. October 8, 2025Target raised from $440 (+10%)Buy$483
  6. September 5, 2025Target cut from $450 (−2%)Buy$440
  7. July 24, 2025Kept the $450 targetBuy$450
  8. April 24, 2025Earliest call shownBuy$450
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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.