TD Cowen Tesla · TSLA

TD Cowen Keeps Buy on Tesla, $330 Price Target

Analyst: Itay Michaeli 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$330
Outcome
Reached
on June 23, 2025
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What the analyst said

TD Cowen analyst Itay Michaeli reiterated a Buy rating and $330 price target on Tesla (NASDAQ: TSLA).

“Updating Q2 Delivery Estimates Ahead of Tesla’s Q2 vehicle delivery release next week, we’re updating our Q2 delivery estimate to 362k from 400k.

By region, we’ve reduced our China and US delivery estimates, with a partial offset from ROW and Europe largely unchanged.

As we recently noted, datapoints have pointed to a softer Q2 delivery outcome than originally expected, albeit still above Q1 levels (337k).

If there’s any “good news” in an otherwise soft H1, it’s that US data has pointed more to Tesla suffering from demand deferral than demand destruction.

On lower deliveries, we reduce our Q2E EPS to $0.33 from $0.37, with out-year estimates staying largely unchanged. We’ll revisit our model post next week’s delivery release.”

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 $344. The 17 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $442. This $330 target is 25% below the median.

Since the note TSLA has moved +5% (from $326). The 12-month window closed on June 27, 2026.

Track record

This call✓ Target reached on June 23, 2025, 0 days after the note. Same target as this firm’s June 23, 2025 note, so it is scored there.

Firm track recordTD Cowen: 83% of its 36 targets at least a year old were reached within 12 months (#5 of 26 firms); on Tesla, 4 of 6. Accuracy ranking →

TD Cowen on Tesla

TD Cowen price targets on Tesla

8 calls from May 27, 2025 to October 23, 2025. The target went from $330 to $509 (+54%). The rating stayed Buy.

TD Cowen targetTSLA share price
  1. October 23, 2025Kept the $509 targetBuy$509
  2. October 9, 2025Target raised from $374 (+36%)Buy$509
  3. September 12, 2025Kept the $374 targetBuy$374
  4. July 24, 2025Target raised from $330 (+13%)Buy$374
  5. June 27, 2025 This noteKept the $330 targetBuy$330
  6. June 23, 2025Kept the $330 targetBuy$330
  7. June 6, 2025Kept the $330 targetBuy$330
  8. May 27, 2025Earliest call shownBuy$330
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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 Morgan StanleyHold Raised price target +2%, kept rating Oct 22 $410from $400
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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.