Stifel Tesla · TSLA

Stifel Raises Tesla Price Target to $492

January 6, 2025 Analyst: Stephen Gengaro 1 min read Reproduced verbatim
Rating
Buy
Target
$492
from $411 (+20%)
Outcome
Missed
within 12 months
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What the analyst said

Stifel analyst Stephen Gengaro raised the price target on Tesla (NASDAQ: TSLA) to $492 (from $411) while maintaining a Buy rating.

The analyst said the likely removal of the $7,500 vehicle tax credit is a relative plus for Tesla. In addition, the rollout of TSLA “Model 2” also a positive catalyst.

“We believe TSLA is very well positioned to deliver robust multi-year growth in 2024-27+.

In the near term, the revamped Model 3 and upcoming Model Y refresh should bolster sales, followed by the commencement of a lower-priced vehicle (Model 2) production that likely garners very strong demand.

We also believe TSLA’s AI-based Full Self-Driving (FSD) initiative has the potential to generate significant value through both sales of FSD, possible licensing agreements, and as critical part of longer-term Cybercab (Robotaxi) initiatives.”

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 $383. The 22 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $418. This $492 target is 18% above the median.

Since the note TSLA has moved −7% (from $410). The 12-month window closed on January 6, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note TSLA closed at $433, 12% below the $492 target, but it moved the way the analyst expected.

Firm track recordStifel: 96% of its 24 targets at least a year old were reached within 12 months (#3 of 20 firms); on Tesla, 6 of 7. Accuracy ranking →

Stifel on Tesla

Stifel price targets on Tesla

8 calls from January 6, 2025 to October 8, 2025. The target went from $492 to $483 (−2%). The rating stayed Buy.

Stifel targetTSLA share price
  1. October 8, 2025Target raised from $440 (+10%)Buy$483
  2. September 5, 2025Target cut from $450 (−2%)Buy$440
  3. July 24, 2025Kept the $450 targetBuy$450
  4. April 24, 2025Target cut from $455 (−1%)Buy$450
  5. March 31, 2025Target cut from $474 (−4%)Buy$455
  6. February 10, 2025Upgraded to Buy, target cut from $492 (−4%)Buy$474
  7. January 29, 2025Downgraded to Hold, kept the $492 targetHold$492
  8. January 6, 2025 This noteEarliest call shownBuy$492
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Other analysts on Tesla

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 UBSHold Kept rating and price target · Oct 5 $385maintained TruistHold Kept rating and price target · Oct 5 $370maintained
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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.