Morgan Stanley Tesla · TSLA

Morgan Stanley Affirms Overweight on Tesla, $410 Price Target

Analyst: Adam Jonas 1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$410
Outcome
Reached
on September 15, 2025
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What the analyst said

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $410 price target on Tesla (NASDAQ: TSLA)

“We believe events between now and year-end will go some way to convince investors that Tesla is more than a car company.

In many ways, we believe Tesla’s role in the ‘Muskonomy’ is more important than ever before.

On Tuesday afternoon, Tesla CEO Elon Musk was interviewed at Giga Texas (Austin) by CNBC’s David Faber on ‘Power Lunch.’ Given Musk rarely provides interviews to financial media outlets, we felt it was useful to include what we believe to be some of the more impactful messages (including some direct quotes from the transcript) along with our perspectives for what we believe matters most to Tesla.

In the words of Mike Wilson (Morgan Stanley Chief Equity Strategist)… “let’s get after it.””

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 $358. The 17 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $442. This $410 target is 7% below the median.

Since the note TSLA has moved +4% (from $344). The 12-month window closed on May 21, 2026.

Track record

This call✓ Target reached on September 15, 2025, 4 months after the note. Same target as this firm’s May 20, 2025 note, so it is scored there.

Firm track recordMorgan Stanley: 82% of its 50 targets at least a year old were reached within 12 months (#8 of 26 firms); on Tesla, 4 of 5. Accuracy ranking →

Morgan Stanley on Tesla

Morgan Stanley price targets on Tesla

8 calls from May 6, 2025 to October 2, 2025. The target stayed at $410. The rating stayed Buy.

Morgan Stanley targetTSLA share price
  1. October 2, 2025Kept the $410 targetBuy$410
  2. September 5, 2025Kept the $410 targetBuy$410
  3. August 7, 2025Kept the $410 targetBuy$410
  4. June 6, 2025Kept the $410 targetBuy$410
  5. May 27, 2025Kept the $410 targetBuy$410
  6. May 21, 2025 This noteKept the $410 targetBuy$410
  7. May 20, 2025Kept the $410 targetBuy$410
  8. May 6, 2025Earliest call shownBuy$410
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Other analysts on Tesla

CantorBuy Kept rating and price target Oct 26 $485maintained BarclaysBuy Upgraded, raised price target +22% Oct 26 $450from $370 StoneXBuy Kept rating and price target Oct 22 $475maintained BNP ParibasHold Upgraded Oct 22 JP MorganHold Raised price target +4%, kept rating Oct 22 $430from $415
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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.