Piper Sandler Tesla · TSLA

Piper Sandler Reaffirms Overweight on Tesla, $450 Price Target

March 24, 2025 Analyst: Alexander Potter 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$450
Outcome
Reached
on October 1, 2025
Piper Sandler and Tesla logos

What the analyst said

Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $450 price target on Tesla (NASDAQ: TSLA)

“It would be naive to claim that Elon Musk’s behavior is having no impact on demand. All else equal, Musk’s political endeavors are probably a net negative for deliveries.

However: we think it’s incorrect when investors and/or journalists point to politics as the primary driver of Tesla’s double-digit y/y delivery declines (in Q1).

As illustrated on page 2, updated wait time figures suggest that SUPPLY is a bigger driver of the upcoming Q1 delivery miss.

Even if demand were infinite, Tesla’s Q1 deliveries would probably not have been much higher, due to multi-week shutdowns impacting all four of the company’s Model Y factories.

With new products (apparently) on deck for an unveiling in the next few months — plus a robo-taxi launch in June – we reiterate our OW and $450 PT.”

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 $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 $450 target is 8% above the median.

Since the note TSLA has moved +54% (from $249). The 12-month window closed on March 24, 2026.

Track record

This call✓ Target reached on October 1, 2025, 6 months after the note. Same target as this firm’s March 20, 2025 note, so it is scored there.

Firm track recordPiper Sandler: 84% of its 19 targets at least a year old were reached within 12 months (#9 of 20 firms); on Tesla, 3 of 5. Accuracy ranking →

Piper Sandler on Tesla

Piper Sandler price targets on Tesla

8 calls from January 21, 2025 to June 10, 2025. The target went from $500 to $400 (−20%). The rating stayed Buy.

Piper Sandler targetTSLA share price
  1. June 10, 2025Kept the $400 targetBuy$400
  2. May 22, 2025Kept the $400 targetBuy$400
  3. May 6, 2025Kept the $400 targetBuy$400
  4. April 16, 2025Target cut from $450 (−11%)Buy$400
  5. March 25, 2025Kept the $450 targetBuy$450
  6. March 24, 2025 This noteKept the $450 targetBuy$450
  7. March 20, 2025Target cut from $500 (−10%)Buy$450
  8. January 21, 2025Earliest call shownBuy$500
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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.