Stifel Lowers Tesla Price Target to $450
- Rating
- Buy
- Price target
- $450
- from $455
- Implied upside
- +79%
- vs $250.74 prior close
Stifel analyst Stephen Gengaro lowered the price target on Tesla (NASDAQ: TSLA) to $450 (from $455) while maintaining a Buy rating.
“TSLA’s 1Q25 results missed mainly due to lackluster deliveries.
While backlash against Elon Musk has clearly been a factor, the rollout of the new Model Y Juniper (the best-selling vehicle in the world) was also a headwind.
Tariffs and macro headwinds likely limit near-term growth.
Near-term catalysts include CEO Elon Musk noting that his time allocation to DOGE will likely drop significantly starting in May, the ramp in sales from the new Model Y, lower-priced vehicles hitting the market, and the expected rollout of unsupervised FSD in Austin TX in June.
We are adjusting forecasts, reiterating our Buy and revising our target price to $450 from $455.”
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Tracking this call
Since this note+50% TSLA $250.74 → $375 (Oct 9) · 62% of the way to the target
This call✓ Target reached on Oct 1, 2025, 5 months after the note.
Firm track recordStifel: 94% of its 16 targets at least a year old were reached within 12 months (#3 of 20 firms); on Tesla, 6 of 7. Accuracy ranking →
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