Baird Lowers Tesla Price Target to $440
- Rating
- Buy
- Price target
- $440
- from $480
- Implied upside
- +11%
- vs $398.09 prior close
Baird analyst Ben Kallo lowered the price target on Tesla (NASDAQ: TSLA) to $440 (from $480) while maintaining an Outperform rating.
“TSLA’s Q4 results missed our/consensus estimates for most key metrics despite a record quarter for deliveries and Energy volumes.
No mention was given in the earnings deck or on the call regarding the 20%-30% volume growth Musk mentioned on the Q3 call.
We expect deliveries (and margin) to be choppy throughout the year as TSLA ramps the refreshed Model Y and launches a more affordable vehicle(s).
We continue to view TSLA as a core holding but note valuation will likely remain one of the key bear arguments in the near-term.”
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Tracking this call
Since this note−6% TSLA $398.09 → $375 (Oct 9) · moving away from the target
This call✓ Target reached on Sep 24, 2025, 8 months after the note.
Firm track recordBaird: 91% of its 11 targets at least a year old were reached within 12 months (#5 of 20 firms); on Tesla, 5 of 6. Accuracy ranking →
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