Benchmark Raises Tesla’s PT to $475

Benchmark analyst Mickey Legg maintained on June 26, 2025, Tesla’s ‘Buy’ rating, raising the price target to $475 (from $350).

“We are raising our price target to $475 from $350 amidst the successful launch of TSLA’s robotaxi business in Austin.

While limited, we believe the controlled rollout demonstrates a controlled and safety-first approach.

Winning over regulators and public opinion is paramount and will allow a rapid scale up if achieved, in our opinion.

New regulations for autonomous vehicles are set to go into place on Sept. 1 in TX that we believe will further help win trust and pave the way for expansion to additional cities.

The stock reached a high of $488 in December and has declined 33% to current levels.

Since reaching a low of $213 in April, the stock has rebounded 54% as the dust settles on tariffs, the robotaxi rollo ut, and regulations.

As such, we are returning to our initial price target of $475 and believe our thesis remains intact.

TSLA remains a Benchmark Top Pick for 2025.”

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