TD Cowen Tesla · TSLA

TD Cowen Lowers Tesla Price Target to $330

April 23, 2025 Analyst: Itay Michaeli 1 min read Reproduced verbatim
Rating
Buy
Target
$330
from $388 (−15%)
Outcome
Reached
on May 13, 2025
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What the analyst said

TD Cowen analyst Itay Michaeli lowered the price target on Tesla (NASDAQ: TSLA) to $330 (from $388) while maintaining a Buy rating.

“A better-than-feared quarter with comforting conference call updates.

The NT fundamental picture has become more challenging (brand, tariffs, macro), but the upcoming catalyst path from new EVs and AV/Robotics appears intact.

Amid poor sentiment and reduced expectations, we still like risk/reward in a setup that’s somewhat reminiscent of last year’s. Lowering estimates/target but maintaining Buy.

Elon Musk noted that his time commitment to DOGE will be reduced starting next month; (2) June RoboTaxi launch remains on track with other cities expected later this year followed by larger scale deployment mid-2026.

Tesla also confirmed that unsupervised FSD should be available on personal vehicles by year-end, a key component of our thesis; (3) Tesla confirmed that it remains on track to produce more affordable models in H1 2025; (4) Optimus pilot production on track for 2025 with a 1mln unit annual run-rate target by ~2030; (5) Cybercab on schedule; (6) Containment of QoQ Auto decremental margin to 16% shows resilience.”

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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 $330 target is 21% below the median.

Since the note TSLA has moved +61% (from $238). The 12-month window closed on April 23, 2026.

Track record

This call✓ Target reached on May 13, 2025, 20 days after the note.

Firm track recordTD Cowen: 83% of its 18 targets at least a year old were reached within 12 months (#10 of 20 firms); on Tesla, 4 of 6. Accuracy ranking →

TD Cowen on Tesla

TD Cowen price targets on Tesla

8 calls from January 29, 2025 to September 12, 2025. The target went from $180 to $374 (+108%). The rating moved from Hold to Buy.

TD Cowen targetTSLA share price
  1. September 12, 2025Kept the $374 targetBuy$374
  2. July 24, 2025Target raised from $330 (+13%)Buy$374
  3. June 23, 2025Kept the $330 targetBuy$330
  4. June 6, 2025Kept the $330 targetBuy$330
  5. April 23, 2025 This noteTarget cut from $388 (−15%)Buy$330
  6. March 19, 2025Kept the $388 targetBuy$388
  7. March 6, 2025Upgraded to Buy, target raised from $180 (+116%)Buy$388
  8. January 29, 2025Earliest call shownHold$180
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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.