Wells Fargo Maintains Underweight on Tesla, $130 Price Target

Apr 1, 2025 Analyst: Colin Langan 1 min read Reproduced verbatim

Rating: Sell
Price target: $130
Implied downside: -50%; vs $259.16 prior close

Wells Fargo analyst Colin Langan maintained the price target on Tesla (NASDAQ: TSLA) at $130 while maintaining an Underweight rating.

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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.

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Since this note+45% TSLA $259.16 → $375 (Oct 9) · moving away from the target

This call✗ Not reached within 12 months: a year after the note TSLA closed at $396, 204% above the $130 target, and it moved the other way. Same target as this firm’s Mar 14, 2025 note, so it is scored there.

Firm track recordWells Fargo: 46% of its 13 targets at least a year old were reached within 12 months (#19 of 20 firms); on Tesla, 0 of 4. Accuracy ranking →

Wells Fargo on Tesla · target history

Jan 30, 2025 · $135 · Sell Mar 14, 2025 · $130 · Sell Apr 1, 2025 · $130 · Sell · this note Apr 23, 2025 · $120 · Sell Jun 9, 2025 · $120 · Sell Jul 10, 2025 · $120 · Sell Oct 23, 2025 · $120 · Sell Jul 14, 2026 · $130 · Sell

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