What the analyst said
Oppenheimer analyst Colin Rusch reiterated a Perform rating on Tesla (NASDAQ: TSLA).
“While TSLA has shifted focus to being a Physical AI play, we view Elon Musk’s bid for Open AI as a distraction from TSLA’s challenges.
The bid comes at a 38% discount to Open AI’s October 2024 capital raise. We don’t expect any meaningful discussions to develop.
However, we see increasing risks to Street estimates for TSLA as EV and AV competition intensifies.
We also believe CEO Musk’s political activity has fans in certain circles, but that his public life risks alienating consumers and employees as the Trump administration tests the limits of its power.
We highlight negative trends in CA and EU registrations in 2024 continuing in January 2025 while China data suggests a soft start to the year at (11.5%).”
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.
Track record
Firm track recordOppenheimer: 67% of its 3 targets at least a year old were reached within 12 months. Accuracy ranking →
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