Deutsche Bank Tesla · TSLA

Deutsche Bank Raises Tesla Price Target to $420

January 10, 2025 Analyst: Edison Yu 1 min read Reproduced verbatim
Rating
Buy
Target
$420
from $370 (+14%)
Upside
+16%
TSLA at $362 today
Deutsche Bank and Tesla logos

What the analyst said

Deutsche Bank analyst Edison Yu raised the price target on Tesla (NASDAQ: TSLA) to $420 (from $370) while maintaining a Buy rating.

“For 2025, we expect Tesla to further demonstrate its unique ability to leverage end- to-end (E2E) AI for lucrative commercial applications in robotaxi and robotics, further supported by potential large structural policy shifts in the US and maybe even other western countries.

FSD v13 is already showing major improvements across many areas and we continue to see a robotaxi service deployment in 2Q/3Q as the base case.

Moreover, while vehicle deliveries didn’t grow in 2024, we fully expect volume to rebound in 2025 driven by new models/refreshes although we warn that 1Q may start off slower.

Energy storage should also continue to grow at a strong rate in our view, supported by the new Shanghai Megapack factory.

Overall, we update our model for 4Q, 2025, and outer years, and raise our price target by $50 to $420; maintain Buy rating.”

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 $362. The 19 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $450. This $420 target is 7% below the median.

Since the note TSLA has moved −8% (from $395). The 12-month window closed on January 10, 2026.

Track record

Firm track recordDeutsche Bank: 100% of its 3 targets at least a year old were reached within 12 months; on Tesla, 2 of 2. Accuracy ranking →

Deutsche Bank on Tesla

Deutsche Bank price targets on Tesla

7 calls from June 30, 2025 to July 27, 2026. The target went from $345 to $420 (+22%). The rating stayed Buy.

Deutsche Bank targetTSLA share price
  1. July 27, 2026Target cut from $500 (−16%)Buy$420
  2. December 19, 2025Target raised from $470 (+6%)Buy$500
  3. November 3, 2025Target raised from $440 (+7%)Buy$470
  4. October 23, 2025Target raised from $435 (+1%)Buy$440
  5. September 26, 2025Target raised from $345 (+26%)Buy$435
  6. July 2, 2025Kept the $345 targetBuy$345
  7. June 30, 2025Earliest call shownBuy$345
Share

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
Share on
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.