Piper Sandler Affirms Overweight on Tesla, $500 Price Target

Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $500 price target on Tesla (NASDAQ: TSLA).

“If nothing changes in the next few days, tariffs will almost certainly deal a crippling blow to automotive supply chains in North America.

Because the stakes are so high — and because the outrage is so deafening — we wouldn’t be surprised if Trump capitulates in some way (perhaps he’ll delay implementation, in an effort to save face).

But then again, these things are difficult to predict. In the meantime, we think TSLA is one of the most defensive stocks in our coverage.

Tesla assembles five vehicles in the U.S., and all five rank among the most American-made cars. Nobody is completely insulated, but in relative terms, Tesla is better-positioned than most.

We are updating our model to reflect the 10-K, and we reiterate our Overweight rating. See below for a few post-Q4 insights.”

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