RBC Capital Tesla · TSLA

RBC Capital Lowers Tesla Price Target to $320

March 17, 2025 Analyst: Tom Narayan 1 min read Reproduced verbatim
Rating
Buy
Target
$320
from $440 (−27%)
Outcome
Reached
on May 13, 2025
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What the analyst said

RBC Capital analyst Tom Narayan lowered the price target on Tesla (NASDAQ: TSLA) to $320 (from $440) while maintaining an Outperform rating.

“Much of the attention around Tesla has centered on its recent delivery performance in Jan and Feb in Europe and China. We think fears demand could be overblown however.

That said, in this report, we lower our FSD pricing and robotaxi penetration assumptions. This causes us to reduce our PT to $320 from $440. We maintain our Outperform rating however.

We now assume Tesla FSD pricing drops to $50/month in 2026 from $100/mo today.

Previously we assumed that pricing declined to $50/mo and then ramped back to $100/mo by 2030 given level 4 options, which we thought could command higher pricing.

In light of recent interactions with Mercedes, Mobileye, and Aptiv management and autonomy demonstration experiences, as well as recent news from BYD, Level 2+ autonomy offerings are increasingly becoming standard features with some OEMs intentionally not seeking to make it a profit center, but rather as a product differentiator.”

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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 $320 target is 23% below the median.

Since the note TSLA has moved +53% (from $250). The 12-month window closed on March 17, 2026.

Track record

This call✓ Target reached on May 13, 2025, 2 months after the note.

Firm track recordRBC Capital: 86% of its 7 targets at least a year old were reached within 12 months (#7 of 20 firms); on Tesla, 5 of 5. Accuracy ranking →

RBC Capital on Tesla

RBC Capital price targets on Tesla

8 calls from March 17, 2025 to January 29, 2026. The target went from $320 to $500 (+56%). The rating stayed Buy.

RBC Capital targetTSLA share price
  1. January 29, 2026Kept the $500 targetBuy$500
  2. October 23, 2025Kept the $500 targetBuy$500
  3. October 10, 2025Target raised from $325 (+54%)Buy$500
  4. July 28, 2025Target raised from $319 (+2%)Buy$325
  5. July 9, 2025Target raised from $307 (+4%)Buy$319
  6. April 23, 2025Target cut from $314 (−2%)Buy$307
  7. April 11, 2025Target cut from $320 (−2%)Buy$314
  8. March 17, 2025 This noteEarliest call shownBuy$320
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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.