Wells Fargo Tesla · TSLA

Wells Fargo Lowers Tesla Price Target to $120

April 23, 2025 Analyst: Colin Langan 1 min read Reproduced verbatim
Rating
Sell
Target
$120
from $130 (−8%)
Outcome
Missed
within 12 months
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What the analyst said

Wells Fargo analyst Colin Langan lowered the price target on Tesla (NASDAQ: TSLA) to $120 (from $130) while maintaining an Underweight rating.

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 $120 target is 71% 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✗ Not reached within 12 months: a year after the note TSLA closed at $374, 211% above the $120 target, and it moved the other way.

Firm track recordWells Fargo: 59% of its 17 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

Wells Fargo price targets on Tesla

8 calls from January 30, 2025 to July 14, 2026. The target went from $135 to $130 (−4%). The rating stayed Sell.

Wells Fargo targetTSLA share price
  1. July 14, 2026Target raised from $120 (+8%)Sell$130
  2. October 23, 2025Kept the $120 targetSell$120
  3. July 10, 2025Kept the $120 targetSell$120
  4. June 9, 2025Kept the $120 targetSell$120
  5. April 23, 2025 This noteTarget cut from $130 (−8%)Sell$120
  6. April 1, 2025Kept the $130 targetSell$130
  7. March 14, 2025Target cut from $135 (−4%)Sell$130
  8. January 30, 2025Earliest call shownSell$135
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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.