Bank of America Tesla · TSLA

BofA Securities Reaffirms Neutral on Tesla, $305 Price Target

April 23, 2025 Analyst: John Murphy 1 min read Reproduced verbatim
Rating
Hold
Unchanged
Target
$305
Outcome
Reached
on May 12, 2025
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What the analyst said

BofA Securities analyst John Murphy reiterated a Neutral rating and $305 price target on Tesla (NASDAQ: TSLA)

“TSLA reported 1Q:25 non-GAAP EPS of $0.27, which was below BofA at $0.35 and consensus at $0.38. Gross margin (16.3% actual vs.

BofAe of 15.1%) was adversely impacted by increased incentives and lower average selling prices on its vehicles, but was still better than expected.

Operating expenses were higher driven by investments in AI and other R&D projects. Given the combination of these factors, operating income of $399mm was below BofAe of $857mm.

We reiterate our Neutral rating, balancing the growth narrative with broader market uncertainty and the stock’s valuation.”

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 $305 target is 27% 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 12, 2025, 19 days after the note.

Firm track recordBank of America: 81% of its 21 targets at least a year old were reached within 12 months (#14 of 20 firms); on Tesla, 2 of 3. Accuracy ranking →

Bank of America on Tesla

Bank of America price targets on Tesla

7 calls from January 7, 2025 to July 23, 2026. The target went from $490 to $460 (−6%). The rating moved from Hold to Buy.

Bank of America targetTSLA share price
  1. July 23, 2026Kept the $460 targetBuy$460
  2. April 21, 2026Kept the $460 targetBuy$460
  3. March 4, 2026Upgraded to Buy, target cut from $471 (−2%)Buy$460
  4. October 29, 2025Target raised from $305 (+54%)Hold$471
  5. April 23, 2025 This noteTarget cut from $380 (−20%)Hold$305
  6. March 4, 2025Target cut from $490 (−22%)Hold$380
  7. January 7, 2025Earliest call shownHold$490
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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.